Summary
HOUSEBUILDER Redrow saw pretax profits crumble 34pc in the first six months to Pounds 35.8m and warned of lower than expected annual home completions, as it sees more challenging market conditions.
The shares still climbed 6 3/4 p to 309p as investors speculated it will be taken over by a bigger rival, or will merge with other subscale players like Bovis Homes and Bellway.See the full content of this document
Extract
Redrow Sales Slump
Redrow sa...
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