Housebuilder Barratt Developments has revealed a further hit for cladding safety works after the Grenfell Tower disaster, taking its total annual bill to more than £80 million ($110.9 million). The group said it is setting aside around another £30 million ($41.6 million) for remedial works in the second half, leading to a full-year provision of about £81 million ($112.3 million). It added that it is liaising with owners, management companies, and expert engineers on assessments of buildings it constructed and the works needed to support leaseholders and residents. However, despite the cladding provisions, the group said it is expecting annual underlying pre-tax profits to be marginally ahead of expectations for between £761 million ($1 billion) and £812 million ($1.1 billion) after an excellent past year. Statutory pre-tax profits, after adjusted items of around £107 million ($148 million), are expected at the top end of market forecasts. Barratt had already hiked …
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