Redrow summer sales fall in tough housing market
13th Sep 2023 07:11
(Sharecast News) - UK housebuilder Redrow said it expected profits and revenue to halve next year as the housing market laboured amid higher borrowing and challenging conditions, with the company's weekly sales slumping over the summer.
Read moreUBS ups ratings on Crest Nicholson, Persimmon and Vistry
12th Jun 2023 12:22
(Sharecast News) - UBS has upgraded Crest Nicholson, Persimmon and Vistry Group in its latest review of UK housebuilders.
Read moreBerenberg more positive on UK homebuilders, upgrades Crest Nicholson and Redrow
12th May 2023 08:17
(Sharecast News) - Analysts at Berenberg turned more positive on UK homebuilders, not least because the worst-case scenarios for house price deflation had been averted.
Read moreJPMorgan remains 'cautious' of UK housebuilders
18th Apr 2023 09:23
(Sharecast News) - Analysts at JPMorgan said on Tuesday that they were still "cautious" of the UK housebuilding sector despite it outperforming the market year-to-date.
Read moreRedrow holds dividend after better-than-expected start to H2
9th Feb 2023 07:21
(Sharecast News) - UK house builder Redrow held its dividend as it reported a fall in interim profits and scrapped 2024 guidance, but noted that early indications for the rest of the year were better than expected.
Read moreJPMorgan downgrades Taylor Wimpey, Redrow
14th Dec 2022 10:30
(Sharecast News) - JPMorgan Cazenove downgraded Taylor Wimpey and Redrow on Wednesday as it took a look at housebuilders.
Read moreBerenberg remains 'cautious' on UK housebuilders
25th Nov 2022 07:22
(Sharecast News) - Analysts at Berenberg took a fresh look at a number of UK housebuilders on Friday, reiterating its 'cautious view' on the sector.
Read moreCiti downgrades Redrow, says risk/reward more balanced
14th Nov 2022 08:16
(Sharecast News) - Citi downgraded Redrow on Monday to 'neutral' from 'buy' as it said the risk/reward now looks more balanced at the current valuation.
Read moreRedrow downgrades revenue guidance as reservations drop
11th Nov 2022 08:02
(Sharecast News) - Housebuilder Redrow cut its guidance for 2023 revenue on Friday, as it reported a rise in the average selling price but a drop in net private reservations.
Read moreRedrow hails return to pre-Covid profit levels
14th Sep 2022 12:02
(Sharecast News) - Redrow described a return to its "record" pre-Covid underlying profits in its final results on Wednesday, reporting a 10% improvement in revenue to £2.14bn.
Read moreDirector dealings: Redrow director buys more than £0.1m worth of shares
14th Jul 2022 12:42
(Sharecast News) - Redrow was near the top of the list of director buys on Thursday, after its senior independent director spent more than £0.1m on a tranche of shares.
Read moreRedrow launches £100m share buyback
14th Jul 2022 08:24
(Sharecast News) - Housebuilder Redrow has announced the launch of a £100m share buyback.
Read moreDirector dealings: Litigation Capital chair invests, Redrow director moves shares to ISA
11th Apr 2022 13:57
(Sharecast News) - Litigation Capital Management was at the top of the list of buys on Monday, after its chairman spent more than a quarter-of-a-million pounds on its shares.
Read moreRedrow signs UK cladding pledge, expects additional £164m provision
6th Apr 2022 07:40
(Sharecast News) - Housebuilder Redrow said on Wednesday that it has signed the UK government's pledge to make properties safe following the Grenfell Tower fire and that it expects to make an additional provision of £164m as a result.
Read moreGovt said to have dropped demands on housebuilders for £4bn cladding fund
4th Apr 2022 11:15
(Sharecast News) - Shares of London-listed housebuilders rallied on Monday following a report the government is dropping its demand for them to contribute towards a £4bn cladding remediation fund.
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