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Redrow plc (LON:RDW – Get Rating) insider Barbara Richmond sold 743 shares of the firm’s stock in a transaction that occurred on Friday, April 8th. The stock was sold at an average price of GBX 533 ($6.95), for a total transaction of £3,960.19 ($5,160.53). Barbara Richmond also recently made the following trade(s): On Wednesday, April […] ....
Redrow (LON:RDW – Get Rating)‘s stock had its “buy” rating reiterated by research analysts at Liberum Capital in a research report issued to clients and investors on Monday, Digital Look reports. They currently have a GBX 840 ($11.01) target price on the stock. Liberum Capital’s target price would suggest a potential upside of 49.20% from […] ....
10 February 2021 | 07:08am StockMarketWire.com - House builder Redrow reinstated its dividend after it notched an 11% rise in first-half profit, underpinned by a recovery in demand partly driven by the looming end of the UK government s Help-to-Buy subsidy. Pre-tax profit for the six months through 27 December increased to £174 million, up from £157 million year-on-year, as revenue climbed 20% to £1.04 billion. The company declared an interim dividend of 6p per share. Home completions rose 20% to 3,065 and Redrow s order book grew 8% to £1.3 billion. The group delivered a strong first-half performance whilst continuing to operate under strict Covid-secure procedures, chief executive Matthew Pratt said. Sales had been driven by a a combination of pent-up demand from the first national lockdown, the introduction of a stamp duty holiday and the impending end of the Help-to-Buy scheme for existing home owners, Pratt added. ....
10 February 2021 | 12:00pm StockMarketWire.com - The FTSE 100 made steady gains on Wednesday, up 0.3% to 6,548.39 by midday supported by strength in the mining sector as investors looked towards a recovery from the pandemic. Sentiment was also supported by the new record highs marked by US and Asian stocks overnight. Housebuilder Persimmon dipped 0.3% to £27.74 after it identified unsafe cladding materials in high-rise buildings and flagged a £75 million charge to pay for replacement work. Persimmon s review comes in the wake of the Grenfell Tower disaster in 2017, which saw a high-rise residential building catch fire, killing 72 people. Permission had found 26 buildings that it had developed that may need work. ....