Premarket London: Redrow Sales up 2%, Orders Hit Record High

Investing.com — Here’s a roundup of regulatory news releases from the London Stock Exchange on Wednesday, 6th November.

• Housebuilder Redrow (LON:) said business in the first half of its fiscal 2020 year was held back by planning delays and its own cautious approach to buying land in what it called an “unceasing period of economic and political uncertainty.”
• Net reservations were up 2% on the year in the six months through September, while average selling prices were 389,000 pounds, up 1,000 pounds ($129,000) from a year earlier. On the bright side, it said its order book had risen 8% to a record high of 1.3 billion pounds.
• Redrow said the further period of uncertainty caused by the recent Brexit extension and the general election to come in December meant that its business would be more heavily skewed than usual to the second half.

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