UK investor Steve Morgan's Bridgemere Group takes stake in Barratt Redrow
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 10 2025
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Source: Reuters
Investor Stake in Barratt Redrow: British investor Steve Morgan's Bridgemere Group has acquired a nearly 5% stake in Barratt Redrow, making it the third-largest shareholder in the company after its takeover of Redrow last year.
Market Concerns for Homebuilders: The British homebuilding sector is facing challenges due to muted demand and concerns over interest rates, with Barratt Redrow shares declining over 20% last year and an additional 9% this year.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
