Barratt Developments posts £7.1m income gain following scheme closure

Jonathan Stapleton
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UK - Barratt Developments has posted a £7.1m (US$11.6m) gain in income as a result of closing its defined benefit scheme to current employees.

The housebuilder's final results for the year to June 30 - which revealed a pre-tax loss of £678.9m and were accompanied by an announcement to raise £720.5m in a rights issue - said the curtailment...

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