|Bid||0.00 x 79400|
|Ask||685.00 x 10800|
|Day's range||612.50 - 624.50|
|52-week range||536.00 - 673.50|
|PE ratio (TTM)||7.80|
|Earnings date||4 Sep 2017 - 8 Sep 2017|
|Forward dividend & yield||0.20 (3.28%)|
|1y target est||702.42|
The chief executive of Redrow (LSE: RDW.L - news) has hit back at claims that developers are "land banking". John Tutte's words come a few months after Chancellor Philip Hammond announced an urgent review, chaired by Sir Oliver Letwin, to look at the gap between the number of planning permissions and houses being built.
** Redrow +3.3 pct after co reports a near 20 pct rise in first-half revenue; bumps up interim dividend by 50 pct ** Co says H1 revenue rose to 890 mln pounds; adds demand for new homes remains robust ...
Redrow also said it was encouraged by the government's commitment to increase the supply of new homes, and added reservations in the first five weeks of the second half had been in line with the strong comparable period last year. Prime Minister Theresa May wants construction of new homes to rise to 300,000 a year to tackle a housing shortage. Redrow said it will pay an interim dividend of 9 pence per share, a 50 percent increase on last year's interim dividend, as a result of the strong earnings and cash performance of the business.
** UK housebuilders fall after UK finance minister Philip Hammond warns over unused planning permissions ** Government to review reasons for unused permissions; says if sites are being withheld for commercial ...
Prime Minister Theresa May will host a meeting on Tuesday with developers and local housing associations in a bid to encourage the industry to build more homes and tackle soaring prices, an industry source said. The housing industry says Britain needs to build around 250,000 properties a year just to meet pent-up demand, which has pushed up prices and rents, stopping many younger people from getting onto the property ladder. PM May has called the housing market broken and vowed to spend an additional two billion pounds to create a new generation of affordable housing.
Shares on Britain's major market index softened on Tuesday as housebuilders weighed on benchmark gains and rising inflation boosted the pound. The FTSE 100 ended the session 0.2 percent lower at 7,400.69 ...
British housebuilding stocks tumbled on Tuesday as big share sales by company founders and growing pessimism among analysts reignited concerns over the resilience of a sector which had enjoyed a strong rally since the Brexit vote. The founder and chairman of property developer Redrow , Steve Morgan, sold 25.9 million shares in the company through his charity foundation on Monday evening, sinking the shares 7 percent on Tuesday. Tony Pidgley, founder and chairman of Berkeley Group , sold 750,000 shares in the housebuilder last week, sending stocks across the sector lower.
** Redrow -7.3 pct, on track for biggest fall since June 2016 & bottom of FTSE 250 ** Chairman and founder Steve Morgan and his charity foundation sells combined 25.9 mln shares via placing at 590p, evenly-split ...
British housebuilder Redrow said it expected revenue and profit expectations to continue to rise into 2020, after posting better-than-expected 2016-17 pre-tax profits of 315 million pounds ($416 million).
Britain unveiled proposals on Tuesday to ban the sale of new leasehold houses which oblige the owner of the lease to pay ground rent to a freeholder, after concern some buyers are facing sharply increasing costs for years afterwards. In Britain, apartments are mainly sold as leasehold whilst houses are generally sold as freehold.