Barratt Developments is valued at about £2.6bn
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Housebuilder Barratt Developments has reported a 4% rise in half-year profits on the back of improving confidence by homebuyers in the property market.
The UK's second-largest housebuilder by market value said pre-tax profits for the six months to the end of December rose to £163.9m ($286m).
Though the market remained competitive, Barratt reported "positive signs" in terms of buyer confidence.
Its forward sales book reached £910m, up from £708m at the end of the year.
"On current form, we are on track for another successful year and are in good shape going forward," said chief executive David Pretty.
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