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Barratt shares soar as Polaris increases its stake in builder

Barratt Developments saw its share price surge by as much as 34.6% yesterday after Polaris Capital Management raised its stake in the ailing housebuilder.

Barratt Developments saw its share price surge by as much as 34.6% yesterday after Polaris Capital Management raised its stake in the ailing housebuilder.

Barratt said Polaris had reached a threshold of a 6% stake but did not offer any further comment.