"The company says its capital coverage is now at the lower end of its risk appetite, so might we see a big fundraise soon?" The tiles retailer's 10% sales increase reflects its leading market position and robust underlying market activity, they say. "Without a meaningful rebound in sales, FY volume estimates would need to [fall] by 7%," Davy analyst Colin Sheridan writes. Barratt shares drop 1% and rivals Persimmon and Vistry also fall, though Taylor Wimpey, Berkeley Group, Bellway and Redrow gain. (elena.vardon@wsj.com)Contact: London NewsPlus; paul.larkins@wsj.com(END) Dow Jones NewswiresJanuary 11, 2023 05:57 ET (10:57 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal January 11, 2023 23:02 UTC