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Battered Barratt welcomes Polaris investment

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August 12 2008

Barratt Developments have received a welcome boost from Polaris Capital Management, after they upped their stake in the ailing housebuilder to 6%.

The move is a sign that Barratt shares may have turned the corner after collapsing from highs of 1290p early last year to only 42p last month.  

The investment has sparked renewed confidence in the sector with potential suitors now regarding the major house builders as competitively priced.

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