Redrow announces 35% pre-tax profit increase

Comments (1)

The Flintshire-based housebuilder posted revenue of £739m for the six months to December 2016, a 23% increase on the same period in 2015, and said that its pre-tax profits had reached a record level of £140m.

Redrow enjoys year of ‘favourable market conditions’

Performance remains “comfortable” and the outlook “very encouraging” the housebuilder said as it showed increased revenue, profit and margins, buoyed by running down the remaining land acquired at higher prices before the downturn.

Inquiry expected into £100m Holyhead marina redevelopment

Isle of Anglesey County Council is set to hold a public inquiry into the £100m mixed-use marina development planned by Conygar Investment Company and Stena Line at Holyhead, which was approved in 2012 and has faced local opposition.

Record opening six months for Redrow

The Deeside-based housebuilder said it would increase the amount of cash returned to shareholders after posting record first-half sales and profits from selling 2,200 homes in the six months to the end of December 2015.

LGA: 56,000 homes across North West yet to be built

The Local Government Association said there are 475,000 homes across the UK with planning permission that are yet to start on site, with 56,891 in the North West, the highest backlog since 2008.

Wates named on Flintshire housing programme

Flintshire County Council has appointed Wates Living Space as development partner for its strategic housing and regeneration programme, with potential for the contract value to reach £500m.