Friday, June 20, 2008

Err, that’s all right then….(?)

House builders rally on reports of Barratt loan agreement

House builders were the biggest risers in the FTSE 100 this morning after reports that Barratt Developments’ banks are willing to waive its loan covenants if the company were to breach them. {probably had no other option - but to let then go to the wall...., which is likely to happen anyway}.

Posted by rental john @ 04:31 PM (529 views)
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One thought on “Err, that’s all right then….(?)

  • “Experts have suggested that the company now looks to be operating on a private equity style high leverage model, that despite the risk, could lead to large shareholder gains”


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