Liverpool Daily Post.co.uk (Free subscription) | 21/11/2008
Mr Morgan, who once made an unsuccessful takeover bid for Liverpool Football Club and is best known as founder of Flintshire-based building giant Redrow, is believed to have tabled a bid of less than £30m for the homes division.
Finance Markets (Free subscription) | 07/11/2008
Housebuilder, Bovis, has announced that it expects to complete 1,800 homes during 2008, compared with 2,930 last year. The group’s stock of unsold homes stands at over 900, despite price reductions and an incentive scheme aimed at attracting buyers. The slowdown in the private housing market is forcing the builder to focus more on the less [...]
Liverpool Daily Post.co.uk (Free subscription) | 06/11/2008
HOUSEBUILDER Redrow says house reservations plunged by 45% year-on-year since June in an “extremely fragile” property market.
icWales (Free subscription) | 06/11/2008
HOUSEBUILDER Redrow yesterday warned that the property market is “extremely fragile” as the company reported reservations had plunged by 45% year-on-year since June.
icWales (Free subscription) | 05/11/2008
HOUSEBUILDER Redrow has said reservations had plunged by 45% year-on-year since June in an “extremely fragile” property market.
Financial Time (Free subscription) | 05/11/2008
In a trading statement covering the first 18 weeks of its financial year, Redrow said the residential land market was inactive and it had not signed any contracts. It was looking at alternative uses for parts of its residential land bank to increase cashflow, including care homes, hotels, pubs and university buildings.
The Telegraph (Free subscription) | 05/11/2008
Redrow one of the UK's largest housebuilders has sold just 38 homes a week over the last eight weeks.
The Independent (Free subscription) | 18/11/2008
... powered the domestic housing stocks. Persimmon was the strongest, gaining 10.25p to 257.25p, while Redrow climbed to 168p, up 6p, and Bovis Homes advanced to 339.25p, up 16.5p. Moving down The banking sector was unsettled by the prospect of deflation and by rumours that the Bank of America may be reconsidering its merger with Merrill Lynch. The speculation was vague, but it unsettled investors....
The Guardian (Free subscription) | 06/11/2008
The severity of the downturn in the building sector was spelt out yesterday with a shock profit warning from construction firm Rok and a gloomy update from housebuilder Redrow. The value of Rok's shares more than halved after it warned of a "significant deterioration" in sales from cancellations of more than £150m of public and private sector work. Rok, which employs about 5,000 people in Britain,...
euronews24 (Free subscription) | 05/11/2008
Redrow on Wednesday said the UK housing market remained "extremely fragile" and the outlook for 2009 was "very weak".Amid low mortgage availability, economic weakness and rising unemployment, the housebuilder said it was unclear the extent to which
The Guardian (Free subscription) | 05/11/2008
The severity with which the financial crisis is now hitting the real economy was spelt out today with a shock profit warning from construction firm Rok and a gloomy update from housebuilder Redrow . Rok's shares more than halved in value after it warned of a "significant deterioration" in sales after the plug was pulled on more than £150m of public and private sector work. Meanwhile housebuilder...
The Independent (Free subscription) | 31/10/2008
... gained 17.97 per cent, or 9.75p, to 64p. Berkeley was up 7.22 per cent, or 49.5p, at 735p and Redrow gained 6.49 per cent, or 11.25p, to 184.5p. Overall, the FTSE 100 held on to the previous day's gains, closing up 49.11 points at 4,291.65, while the FTSE 250 gained 234.67 points to 6,223.78. Like the housing sector, investor sentiment in the wider market was driven by hopes of a reduction...
Merthyr Express (icWales) (Free subscription) | 08/11/2008
... charge of his first site, Llys Ffynnon in Pontllanfraith, Caerphilly.Mr James, who has worked for Redrow for three years, said: “I was over the moon when I heard the news.“I’ve got a good site team around me and I have enjoyed the co-operation of all the contractors as well as my colleagues at Redrow.”School back in actionA CITY comprehensive closed for a week because of the damage...
Scotsman.com (Free subscription) | 06/11/2008
Builder Rok said in a trading statement that it was set to cut its 5,000-strong workforce by 15 per cent as a result of the "rapid" impact of the property downturn. It issued a profit warning for the current financial year.Meanwhile Redrow, the hADVERTISEMENTousebuilder with a sizeable regional arm in Scotland, admitted it was selling an average of just 38 properties a week across the UK.Exeter-based...
BBC News (Free subscription) | 06/11/2008
Rival housebuilders Persimmon, Redrow and Barratt have also announced job cuts as they seek to reduce costs and survive the market downturn.
