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17 September 2026

It was reported that non-executive director at Barratt Redrow Katie Bickerstaffe filed a disclosure for the purchase of 6,526 ordinary shares at a price of £3.048 per share, using the ticker venue code XLON of the LSE.

The disclosure was filed as an initial notification, so this was not the first filing in relation to the transaction rather than an amendment to an earlier notification. The filing was made in compliance with the UK Market Abuse Regulation which “requires persons discharging marginal responsibilities – including non-executive directors – and persons closely associated with them to publicly disclose transactions in the issuer’s securities,” explained Kalkine in a news update.

Such disclosures are intended to forward greater transparency and confidence in markets. It looks as if senior management is doubling down on its stock holdings of the company, in anticipation of a future growth in revenue. As the largest UK housebuilder by volume, Barratt Redrow stands to gain from a revival of the Help to Buy scheme, which a recent government report found to have delivered “very high value for money”.

The government acknowledged that while the initial equity-loan scheme helped subsidise new builds and make deposits more affordable, it also produced upward pressure on prices where supply of housing development cannot keep pace with demand. Kalkine analyst Ankar Sharna said, “Any revived scheme would need its own rules on eligibility, price caps and regional targeting… A supportive scheme could impose sales visibility, help clear stock and underpin build sites. However, the company’s performance also depends on mortgage rates, buyer confidence and build-cost inflation.

With an extensive land bank across disparate regions, Barratt Redrow is well positioned to capitalise on regional allocations, raising build rates and product mix to take full advantage of subsidised mortgage borrowing. Upside risk might include failure to deliver its build resources at scale could mean financial under-performance as a result of failing to capitalise on the opportunity and missing new-build targets.

London estate agent Winkworth, listed on the Aim, faces £40,000 in legal fees as its CEO takes action against current chair and former CEO Simon Agace, by his son Dominic Agace, for allegedly breaking a confidentiality agreement signed 5 November 2009 and for violating rules linked to his role as a director under the Companies Act.

The former CEO tried to unilaterally replace the entire board of directors. The case has cost Winkworth around £105,000 in legal and advisory fees in the 6 months to June 2026 and an additional £376,000 from 1 July and 15 September.

City AM reported profit before tax at the estate agent decreased 5% to £780,000, which can be partially attributed to extraordinary legal fees. A further hearing in High Court proceedings against non-executive chair Simon Agace are scheduled for 5 October 2026. The board warned that net profit before taxation would be below guidance levels, although reiterated its commitment to a 6.6% dividend per share.

Winkworth separately reported a 5% decrease in sales revenue, to £16.1mn in H1 2026, vs £16.9mn in the same period of 2025. The deficit is reportedly due to stamp duty taking effect, with new buyers keen to lock into pipeline deals before the additional tax on real estate transactions.

CEO Dominic Agace attributed the slowdown to generalised and geopolitical concerns about inflation, which dissuaded many housing market participants from taking the financial risk of being locked into a mortgage on unfavourable terms i.e. not inflation-linked; or from selling at a discount to market value. 

Data sourced from Twenty EA found that the group’s market share of London sites had increased 24$ from 2020 to 2026. Kalkine reports that free cash flow from operations rose 39% to £1.33mn, an increase over £0.96mn in H1 2025. At 30 June 2026, the cash in bank was £3.73mn with no outstanding term loans.

At the end of the reporting period, the network had 104 active UK offices; trading outlets were opened at Chipping Campden, Shipton on Stour, Stratford Upon Avon, and Wellesbourne; a franchise in Leamington Spa applied through Winkworth’s assisted acquisition program to buy out Peter Clarke Estate Agents, gaining four offices and “creating a regional hub”.