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Phoenix Asset Management Partners, a major shareholder in Barratt Redrow PLC, on Wednesday called on the company to materially increase its share buybacks to create value for long-term shareholders. Presenting its analysis at the London Value Investor Conference, Phoenix demonstrated the material undervaluation of the housebuilder and showed the significant value creation opportunity that a substantial increase in share buybacks would represent. Phoenix is calling on fellow shareholders and other interested parties to make their support for this strategy known to the Barrett board. Phoenix is a major shareholder in Barratt Redrow having first invested in 1998. While it supports Barratt’s long-term business strategy, Phoenix now believes a new approach to capital allocation is needed that utilises the depressed valuation of the business and turns it into value for long-term holders through persistent buybacks. Phoenix’s assessment is that Barratt has substantial financial headroom to both maintain its business strategy of increasing output whilst also adopting an aggressive buyback programme. Gary Channon, chief investment officer of Phoenix, said: ‘At today’s valuation, buying back its own shares is an exceptional opportunity, and we believe the company can pursue it aggressively while continuing to grow output. Doing so would turn the undervaluation into lasting value for long-term shareholders.’ Shares in Barratt Redrow closed up 6.6% at 281.00 pence each in London on Wednesday. In May, Barratt Redrow completed the second tranche of its £100 million share buyback programme which it had announced in January. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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