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Builder Redrow Profits Hit The Skids -- Down 15%

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OUTLOOK Redrow FY profits set to fall by 15 pct

LONDON (AFX) - Housebuilder Redrow PLC will tomorrow unveil pre-tax profits
for the full year of around 119.4 mln stg, a
fall of 15 pct from last year
The profit fall
follows a 22 pct decline in pre-tax profits i
n Redrow's
interims in March, caused by declining margins, industry
price discounting
and a
higher proportion of sales of lower cost homes.

Sad news really. :( *



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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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