Redrow hits first-half record

The North Wales residential developer reported a 13% climb in revenue to £302m and an 18% leap in gross profit to £63.5m for the year to 30 September 2017, as Mark Watkin Jones announced his decision to resign as chief executive once a successor is found.

A 75-home development in Denbighshire that was refused planning permission looks set to go ahead after a local inquiry found in favour of the developer.

Macbryde Homes has appointed Simon Finlay as head of development from Galliford Try Partnerships.

Anwyl Homes has appointed four new executives – including three from Redrow Homes - as part of its plans to expand into Lancashire and achieve a turnover of £100m in the next three to five years.

Redrow chairman Steve Morgan has made £152m from the sale of 25.9 million shares, held by his company Bridgemere Group and charity The Steve Morgan Foundation, releasing a combined 7% stake in the housebuilder.

Chairman Steve Morgan is to move to a non-executive role at the North Wales housebuilder, which has reported record figures for the fourth consecutive year, with pre-tax profits climbing 26% to £315m in the year to 30 June 2017.

Flintshire-based Anwyl Homes has secured planning permission for 25 homes on a 1.9-acre site, next the borders of existing development Parc St Mary’s in Northop Hall.

Vanda Murray will join the board of housebuilder Redrow as a non-executive director from 1 August.

North Wales Tourism is calling for a review of Horizon Nuclear Power’s proposals to house construction workers in the island’s holiday accommodation during the building of Wylfa Newydd nuclear power station.