By Joe Hoppe Redrow pretax profit and revenue slumped, but said it has made an encouraging start to the second half. The London-listed home builder made a.
Stocks in London are called to open slightly higher on Wednesday, with all eyes on the property sector.
FTSE 100 housebuilder Barratt Developments announced that it will be taking over FTSE.
Barratt Developments PLC on Wednesday said it agreed the terms of an all-share takeover offer for smaller peer Redrow PLC, valuing Redrow at GBP2.52 billion.
This was alongside both housebuilders.