Barratt director builds up stake

Stephen Boyes, a director at Barratt Developments, added to his stake in the housebuilder with the purchase of about £50,000 in shares.

He bought about 65,000 shares at 76.4p a time and now has just over 107,000.

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Formerly Managing Director of Barratt York, he was appointed to the board in July 2001 and is responsible for operations in Scotland, northern England, the Midlands and south Wales.

Shares in Barratt are down by more than 80% over the past year, in line with the whole housebuilding sector, which has been hit hard by the credit crunch.

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