Housebuilder Redrow posts record profits September 2, 2014 REDROW posted record sales and profits yesterday after government measures designed to stimulate the housing market boosted the firm’s number of completions last year by 27 per cent. The Flintshire-based housebuilder said it completed 3,597 sales in the 12 months to 30 June, compared with 2,827 the previous year thanks to the government’s Help-to-Buy scheme, [...]
UK property market: Redrow share price rises as it posts 91 per cent profit increase September 2, 2014 Despite recent signs of slowing growth in house prices, housebuilders are still riding a healthy property market wave – Redrow is the latest to post stellar results, with a 91 per cent rise in profits. Help to Buy helped the housebuilder make a record £132.6m pre-tax profit for the year to June, compared with £69.4m [...]