Barratt Developments to pay dividend in 2013
British housebuilder Barratt Developments plans to pay a dividend in 2013 for the first time in five years, it said on Wednesday, after a drive to build on cheaper land and government moves to support the housing market boosted its annual profit.
UK home builder Barratt Developments said Thursday that it will cut 1,200 jobs and scrap its dividend in a bid to cut costs as it also renegotiates its funding with banks.