Redrow continues its robust performance

A pre-tax profit of “at least” £306 million is expected by Redrow for its financial year ending June 30 2017. This is an increase of 22% on 2016. Giving a brief trading update, the housebuilder said that its trading and performance continued to be robust, thanks to a “record” order book and a further increase

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Bovis receive merger proposals

Bovis has confirmed that it has received merger proposals from both Galliford Try and Redrow. The firm has rejected both saying that “neither reflected the underlying value of the Bovis business”, but confirmed that talks are continuing with Galliford Try. Redrow proposed a share and cash deal which in aggregate amounted to £8.14 per Bovis

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Redrow continue to see strong sales

At Redrow’s AGM Meeting on 9th November Steve Morgan, Chairman said “I am pleased to say that the encouraging sales trend I reported in the September Prelims has continued. Currently, net private reservations are 6% ahead at 1,660 and the sales rate for the 19 weeks to 4 November 2016 is 0.71 per outlet per

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Redrow has record year

Redrow’s new home completions increased by 17% in the year ending June 2016, delivering a total of 4,716 legal completions compared to 4,022 last year. This increase was “spurred by Help to Buy” the firm said while reporting its full year results today. The house builder also saw outlets increase by 9% to 128 and

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Redrow reports strong reservations post Brexit vote

Redrow reports that it experienced “long queues and strong reservations” last weekend despite the concerns over the UK vote to leave the European Union. In a trading statement covering the financial year to the end of June released today, Redrow said: “Although it is too early to tell whether Brexit will have any effect on

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Work begins for the Home Building Skills Partnership

The Home Building Skills Partnership board consists of a group of leaders from across the housebuilding industry, headed by John Tutte, ceo of Redrow Homes. They have now met for the first time to begin its work to attract and train tens of thousands of new workers. Over its first four years the HBSP through

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