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

This post was originally published on this site
© Reuters. © Reuters. — 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.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment