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Redrow Plc Agrees To Appoint Richard Akers As New Non‐Executive Chair Of Board
Redrow Says H1 Revenue Rose 20% To 1.041 Billion Stg
Redrow Expects To Resume Dividend Payments In 2021
Redrow PLC is engaged in residential housing development. The Company is engaged in constructing homes throughout England and Wales. The Company's operations are focused on housebuilding. Its product range is focused on traditional family housing in its regional businesses and apartment schemes in Greater London. The Company's range of properties include Heritage Collection, Regent Collection, Abode Collection and Bespoke Collection. The Heritage Collection includes homes, which are designed for modern living. The Regent Collection includes homes, which are designed similar to the formal townhouse residences. The Abode Collection includes modern urban homes. The Bespoke Collection offers approximately 50 luxury apartments and penthouses. The Company has approximately 100 live developments throughout much of England and Wales. The Company's subsidiaries include Harrow Estates plc, Redrow Real Estate Limited, Redrow Regeneration plc and HB (HDG) Limited.
St. Davids Park, Flintshire
John F. Tutte
Executive Chairman of the Board
Group Chief Executive, Executive Director
Barbara M. Richmond
Group Finance Director, Executive Director
Graham A. Cope
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Britain's Redrow said on Wednesday a long-term cut in house buying tax would be better than extending the current payment holiday, as it reported an 11% rise in half-year profit.
British homebuilder Redrow reported an 11% rise in first-half profit on Wednesday, helped by demand for its suburban homes.
Construction groups Galliford Try and Redrow on Wednesday pledged to resume shareholder payouts in fiscal 2021 as construction demand picked up following the lifting of coronavirus lockdowns.
British homebuilder Redrow Plc reported a 66% plunge in annual profit on Wednesday, while promising to renew dividend payouts next year as it halts investments in London and focuses on its Heritage Collection homes.
British homebuilder Redrow Plc reported an almost 40% fall in annual revenue and completed sales on Wednesday, while promising to renew dividend payouts next year as it halts investments in London and focusses on its Heritage Collection homes.
* FTSE 100 down 0.9%, FTSE down 0.5% (Updates to close, adds comments, background)
British homebuilder Redrow said on Tuesday it was scaling back its London operations and expects sales to drop more than a third this year due to the timing of coronavirus-fueled site closures.
British homebuilder Redrow said on Tuesday it expects its turnover to drop more than a third this year, as the timing of site closures in end-March had a "profound" impact on its business.
UK housebuilder Redrow will not restart construction on its sites before May 18, the company said on Monday, much later than the dates announced last week by a handful of its peers.
* REDROW - CONCLUDED TALKS WITH SIX RELATIONSHIP BANKS REGARDING REQUEST FOR £100M ADDITIONAL FUNDING UNDER EXISTING REVOLVING CREDIT FACILITY
Redrow was the first of Britain's big housebuilders to say it had been approved for the Bank of England's coronavirus emergency financing scheme on Thursday, adding that it had put 80% of its workforce on government-sponsored furloughs.
UK homebuilder Redrow said on Thursday it has put 80% of its workforce on government-sponsored furloughs amid the coronavirus pandemic, and has been approved as an issuer in the government's emergency COVID financing scheme.
* CONFIRMED AS AN ELIGIBLE ISSUER FOR COVID CORPORATE FINANCING FACILITY WITH AN ISSUER LIMIT UNDER FACILITY OF £300M
Redrow, one of Britain's largest housebuilders, said it was in talks with six banks to secure additional credit and had applied to take part in the Bank of England's scheme for financing support as it shuts sites due to the coronavirus.
British homebuilder Redrow Plc said on Wednesday it was seeing an easing of the Brexit and commodity-driven cost pressures that have plagued the UK housing market over the past year.
Redrow Plc said on Wednesday cost pressures reduced in the first half for the British homebuilder as subcontract, materials and labour markets eased.
Housebuilder Redrow Plc on Wednesday said it embraced Britain's extension of its policy to help first-time home buyers, but urged the government to review the lower regional price caps that it says favours the South of England.
* Says Help to Buy scheme should not be cancelled (Adds CEO comments, details)
British housebuilder Redrow said on Tuesday demand for new homes was proving "robust" in the face of Britain's planned exit from the European Union, after it posted better-than-expected 21 percent growth in full-year pre-tax profit.
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