Davy Morning Equity Briefing
Sep 16, 2026
Barratt Redrow plc
Planning delays cause FY 2027 completions downgrade
Barratt Redrow lowered completion guidance for FY 2027, citing planning delays and, as a result, a lower level of average selling outlets expected throughout the year. The midpoint of the guided range for FY 2027 completions is now 17,700, down 1.4% from previous guidance. Sales outlets are now expected to be 405, down from 415 previously (-2.4%).
UK economy
UK inflation in August in line with consensus
While UK headline inflation increased above 3% again in August, the result was in line with consensus and driven by another jump in energy prices. Core inflation was steady at 2.6% for a third consecutive month, and services inflation remained at 3.4%. The monthly changes were encouraging in that evidence of second-round effects of higher energy prices remains very limited. Still, a hawkish tone is likely from the Bank of England (BoE) this week.
