News Results for Redrow (RDW)
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15 May
11:58New share issue approved at RedrowRedrow shareholders approved the resolutions at its General Meeting relating to new shares. They have agreed to the firm placing of 14,902,867 new ordinary shares at 130p per share and an open...
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24 April
15:40Director Deals - Redrow PLC (RDW)Barbara Richmond, Financial Director, bought 8,730 shares in the company on the 24th April 2012 at a price of 126.20p. The Director now holds 79,242 shares. Story provided by...
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24 April
08:12Redrow points to pick up in salesRedrow reports sales activity since the beginning of January has been encouraging, particularly against the backdrop of a strong first quarter of calendar 2011. The volume of net private...
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24 April
07:11FLASH: Redrow points to pick up in salesStory provided by StockMarketWire.com
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23 February
15:03Broker News & ViewsCitigroup downgrades WPP Group from buy to neutral, target price raised from 860p to 875p. Oriel Securities downgrades Whitbread from buy to hold. Singer Capital Markets downgrades ASOS from buy...
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23 February
07:37Redrow builds marginHousebuilder Redrow said revenues rose 8% to £232.8m in the half-year to end-December, driven an increase in average selling prices and margins. Private ASPs were up 19% to £204,000. Gross margin...
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23 February
07:04FLASH: Revenue and pre-tax profits up for RedrowStory provided by StockMarketWire.com
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10 January
17:00Director Deals - Redrow PLC (RDW)John Tutte, Managing Director, exercised 9,025 shares in the company on the 9th January 2012 at a price of 106.32p. The Director now holds 137,682 shares. Story provided by StockMarketWire.com...
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03 November
2011Director Deals - Redrow PLC (RDW)Steve Morgan, Chairman, bought 25,000 shares in the company on the 21st September 2011 at a price of 110.10p. The Director now holds 92,461,874 shares. Story provided by StockMarketWire.com...
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03 November
2011Director Deals - Redrow PLC (RDW)Steve Morgan, Chairman, bought 120,000 shares in the company on the 22nd September 2011 at a price of 109.00p. The Director now holds 92,581,874 shares. Story provided by StockMarketWire.com...
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03 November
2011Redrow chairman demands help for first time buyersRedrow has continued to make steady progress with the value of like for like private home reservations in the financial year to date being up 14% on the same period last year at £131m. The...
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05 October
2011Broker News & ViewsNumis downgrades Dunelm Group from buy to hold, target price unchanged at 500p. Arden downgrades Dunelm Group from neutral to reduce. Shore Capital upgrades Marston's from hold to buy. Numis...
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08 September
2011Redrow registers positive year results in tough climateRedrow plc has produced full Year results for the 12 months to 30 June 2011 showing revenues up 14% to £452.7m. Gross margin rose to 14.2% (2010: 10.5%) on changes to mix and tight control of...
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08 September
2011Redrow margins jumpHousebuilder Redrow said revenue was up 14% to £452.7m in the year to end-June, with average selling prices up 12.5% to £174,100 (2010: £154,800). Legal completions increased to 2,626 from 2,587....
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01 July
2011Redrow sells Scottish operationRedrow, the UK house builder, has announced the disposal of its operation in Scotland. The business is being sold to Springfield Properties Plc, a private construction and property development...
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19 April
2011Redrow seeks buyer for Scottish businessHouse-builder Redrow plc has decided to quit Scotland, saying its business there is not big enough to generate acceptable returns. The group also said it expected this year's results to show...
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19 April
2011FLASH: Redrow expects FY completions 'marginally ahead'Story provided by StockMarketWire.com
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19 April
2011FLASH: Redrow to sell Scottish businessStory provided by StockMarketWire.com
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08 April
2011FLASH: Redrow downgraded to underperform from neutral at DavyStory provided by StockMarketWire.com
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06 April
2011FLASH: Redrow downgraded to hold from buy at Citigroup, target cut to 135p from 156pStory provided by StockMarketWire.com
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21 March
2011FLASH: Redrow raised to neutral from underperform at Credit SuisseAt 7:57am (LON:RDW) Redrow share price was +4.55p at 122.95p Story provided by StockMarketWire.com
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17 February
2011Redrow swings to £8.5m first-half profitHousebuilder Redrow plc swung to an £8.5m pre-tax profit in the first half from a previous £8.7m loss on the back of an increase in revenue and margins. Revenue for the six months to December was...
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17 February
2011FLASH: Redrow swings to £8.5m interim pre-tax profitStory provided by StockMarketWire.com
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17 February
2011FLASH: Redrow average private selling prices up 16% in H1Story provided by StockMarketWire.com
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17 February
2011FLASH: Redrow H1 revenue up 15% to £216.1mStory provided by StockMarketWire.com
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08 November
2010FLASH: Redrow upgraded to neutral from underweight at HSBCStory provided by StockMarketWire.com
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04 November
2010Redrow frustrated by mortgage droughtHouse-builder Redrow said like-for-like private home sales in the year to date were up by around 9% on last year at £133m, despite 6% fewer reservations. Chairman Steve Morgan said in his AGM...
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04 November
2010FLASH: Redrow like-for-like home sales up 9% for YTDStory provided by StockMarketWire.com
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22 October
2010FLASH: Redrow downgraded to hold from buy at InvestecStory provided by StockMarketWire.com
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08 October
2010Broker moves round-upATH Resources upgraded to add from reduce at Evolution, target 65p. Carluccio's cut to hold from buy at Panmure Gordon, target price 142p down from 151p. Drax cut to reduce from neutral at...
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08 October
2010Panmure Gordon cuts Redrow and Taylor Wimpey from buy to holdFollowing yesterday's negative Halifax house-price survey, Panmure Gordon maintains its view that HPI will be 0% for 2010E, which means continued deflation in Q4. 'Share prices continue to look...
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20 September
2010FLASH: Robert Wiseman cut to hold from buy at Brewin Dolphin, target price 355p down from 600pStory provided by StockMarketWire.com
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17 September
2010FLASH: Redrow upgraded to neutral from sell at Goldman Sachs, target price raised to 144p from 127pStory provided by StockMarketWire.com
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09 September
2010FLASH: Redrow sees rise in house pricesStory provided by StockMarketWire.com
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09 September
2010Redrow back in blackHousebuilder Redrow said the group returned to profitability in the year to end-June with the average selling price up 9% to £149,300 (2009: £137,400). Legal completions were up 22% at 2,587...
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01 September
2010Redrow upgraded to buy from hold at CitigroupStory provided by StockMarketWire.com
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18 August
2010Broker News & ViewsMarks & Spencer upgraded to neutral from reduce at Arden, target price raised to 345p from 320p. Redrow downgraded to hold from buy at Liberum. ASOS upgraded to buy from hold at Panmure Gordon,...
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18 August
2010FLASH: Redrow downgraded to hold from buy at LiberumStory provided by StockMarketWire.com
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21 July
2010Arbuthnot reduces target prices for housebuildersArbuthnot analysts have reduced target prices for housebuilders on the back of a lack of momentum within the sector, a situation they suspect could persist until there is firm evidence of an...
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05 July
2010Midday broker moves round-upBerkeley Group Holdings upgraded to outperform from neutral at Credit Suisse, target price cut to 907p from 920p. Bovis Homes downgraded to neutral from outperform at Credit Suisse, target price...
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05 July
2010FLASH: Redrow downgraded to underperform from outperform at Credit Suisse, target price cut to 95p from 212pStory provided by StockMarketWire.com
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19 May
2010Director Deals - Redrow Plc (RDW)Paul Smith, Non Executive Director, bought 8,071 shares in the company on the 19th May 2010 at a price of 123.90p. The Director now holds 37,975 shares. NOTE: Story provided by Business...
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19 May
2010Director Deals - Redrow Plc (RDW)Paul Smith, Non Executive Director, bought 8,025 shares in the company on the 19th May 2010 at a price of 124.60p. The Director now holds 46,000 shares. NOTE: Story provided by Business...
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28 April
2010Director Deals - Redrow Plc (RDW)Barbara Richmond, Financial Director, bought 10,000 shares in the company on the 28th April 2010 at a price of 149.20p. The Director now holds 70,512 shares. NOTE: Story provided by Business...
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27 April
2010Broker News & ViewsSupermarket operator Sainsbury has today been downgraded to reduce from neutral at Credit Suisse, with the target price reduced to 320p. CRH started with buy rating at Jefferies, target €26....
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27 April
2010Morning broker moves round-upCRH started with buy rating at Jefferies, target €26. Diploma downgraded to hold from buy at Altium, target price stays 224p. Dunelm downgraded to hold from add at Numis, target price 435p....
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26 April
2010Bright start at RedrowHouebuilder Redrow said it has been encouraged by sales activity since the start of the year with sales per outlet ahead of the same period last year. Weekly visitor levels and cancellation...
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26 April
2010FLASH: Redrow encouraged by 2010 salesStory provided by Business Financial Newswire
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26 February
2010FLASH: Redrow downgraded to hold from buy at CitigroupStory provided by Business Financial Newswire
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25 February
2010Redrow H1 loss narrows after sales and prices riseHousebuilder Redrow reported a 25% increase in first-half revenue to £187.2m on the back of increased volumes and prices. Legal completions increased by 21% to 1,266, with an average selling...
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25 February
2010FLASH: Redrow margins up as volumes and selling prices riseStory provided by Business Financial Newswire
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25 February
2010FLASH: Redrow pre-tax loss falls 81% to £8.7m in H1Story provided by Business Financial Newswire
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25 February
2010FLASH: Redrow H1 revenue up 25% at £187.2mStory provided by Business Financial Newswire
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01 February
2010Morning broker moves round-upAstraZeneca cut to reduce from add at Natixis and to sell from buy at ODDO. Barratt Developments started with buy rating at Deutsche, target price 193p. Bellway started with hold rating at...
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01 February
2010FLASH: Redrow started with buy rating at Deutsche, target price 168pStory provided by Business Financial Newswire
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18 January
2010Redrow hires Inchcape's Barbara Richmond as FDHousebuilding group Redrow has appointed Barbara Richmond as finance director. Richmond was group FD at Inchcape, the motor distributor, and before that held the same role at chemicals group Croda...
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18 January
2010Redrow names Barbara Richmond as new FDStory provided by Business Financial Newswire
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12 January
2010FLASH: Redrow upgraded to hold from sell at Credit SuisseStory provided by Business Financial Newswire
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12 January
2010RBS upgrades four housebuildersRedrow upgraded to hold from sell at RBS. Berkeley Group upgraded to buy from sell. Persimmon upgraded to buy from hold. Barratt Developments upgraded to buy from hold. Bellway downgraded...
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05 January
2010Broker NewsMarks & Spencer was downgraded to neutral from buy at BoA-Merrill Lynch and Sainsbury was downgraded to underperform from neutral at the same broker, but target remains 335p. Smiths Group target...
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05 January
2010FLASH: Redrow target price raised to 170p from 153p at UBS, rating stays neutralStory provided by Business Financial Newswire
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22 December
2009Director Deals - Redrow Plc (RDW)John Tutte, Managing Director exercised 4,773 shares in the company on the 22nd December 2009 at a price of 0.00p. The Director now holds 122,223 shares. Story provided by Business Financial...
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22 December
2009Director Deals - Redrow Plc (RDW)David Arnold, Financial Director exercised 4,222 shares in the company on the 22nd December 2009 at a price of 0.00p. The Director now holds 50,536 shares. Story provided by Business Financial...
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22 December
2009Goldman Sachs cuts target prices on housebuildersBellway price target cut to 864p from 914p at Goldman Sachs, rating stays neutral. Berkeley cut to 1040p from 1130p, buy. Bovis Homes cut to 459p from 549p, neutral. Persimmon cut to 451p from...
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21 December
2009Redrow FD leaves in MarchRedrow group finance director David Arnold is to leave the house-building group at the end of March after seven years. A search is under way for his successor. Story provided by Business...
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16 December
2009Redrow and Bovis upgraded from neutral to buy at ArbuthnotBoth housebuilders stand on a sizeable discount to NAV, says analyst Kate Moy. Bovis trades on 0.7x and Redrow 0.8x and there is an opportunity for the gap to be closed, particularly as the risk...
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16 December
2009Broker NewsHousebuilders came under scrutiny from Citigroup today with Barratt Developments, Redrow and Taylor Wimpey all upgraded to buy from hold as the broker anticipates a sector rebound. BSkyB...
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16 December
2009Citigroup upgrades three housebuilders, expects sector reboundThe UK Housebuilders sector appears poised for a significant rebound if a double dip doesn’t materialise, says analyst Aynsley Lammin at Citigroup. 'The sector has sold off over 20% in the last...
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16 December
2009FLASH: Redrow upgraded to buy from hold at CitigroupStory provided by Business Financial Newswire
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14 December
2009Director Deals - Redrow Plc (RDW)Paul Hampden Smith, Non Executive Director bought 9,634 shares in the company on the 14th December 2009 at a price of 125.00p. Story provided by Business Financial Newswire
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14 December
2009Director Deals - Redrow Plc (RDW)Paul Hampden Smith, Non Executive Director bought 4,842 shares in the company on the 14th December 2009 at a price of 124.00p. The Director now holds 29,904 shares. Story provided by Business...
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09 November
2009Morning broker moves round-upAstraZeneca upgraded to buy from hold at RBS, target price raised to 3500p from 2620p. But cut to underweight from neutral at JP Morgan, TP 2960p down from 3000p. Ferrexpo upped to buy from hold...
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04 November
2009Redrow £150m rights issue successfulHouse builder, Redrow says that the £150m rights issue was 97.2% taken up. The rump of shares not subscribed for were placed at 143p per share. Story provided by Business Financial Newswire
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04 November
2009Redrow home sales picking upHousebuilder Redrow says that sales during the first 18 weeks of the current financial year have been remarkably stable, particularly taking into account the seasonally weaker months of July and...
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04 November
2009FLASH: Redrow home reservations up 47% in first 18 weeksStory provided by Business Financial Newswire
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04 November
2009FLASH: Redrow sales stable in first 18 weeksStory provided by Business Financial Newswire
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27 October
2009Redrow shorted by TraflagarTrafalgar Asset Managers has shorted Redrow shares on the same day that it shorted Barratt Developments shares. As at 26 October 2009, Trafalgar held a short positon equivalent to 0.275% of the...
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26 October
2009Trafalgar shorts RedrowTrafalgar Asset Managers has taken a 0.302% short position in house-builder Redrow. Story provided by Business Financial Newswire
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21 October
2009Redrow upped to hold from sell at Panmure Gordon, target stays 160pThe housebuilder's shares are trading at fair value following a 22% fall over the past seven weeks, says Panmure Gordon. The broker had originally moved to a sell rating on fears of a dilutive...
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21 October
2009FLASH: Redrow upgraded to hold from sell at Citigroup, target price stays 156pStory provided by Business Financial Newswire
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20 October
2009Director Deals - Redrow Plc (RDW)Alan Jackson, Non Executive Director bought 10,000 shares in the company on the 20th October 2009 at a price of 212.30p. The Director now holds 10,000 shares. Story provided by Business...
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19 October
2009Redrow wins approval for £150m rights issueRedrow Plc shareholders approved Monday (October 19) its plans to raise £150m in a rights issue. The deal will see the UK housebuilder issue 148,584,705 new shares on the basis of 13 shares for...
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08 October
2009Director Deals - Redrow Plc (RDW)Debie Hewitt, Non Executive Director bought 9,638 shares in the company on the 8th October 2009 at a price of 207.50p. The Director now holds 9,638 shares. Story provided by Business Financial...
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01 October
2009Redrow shares "shorted"House builder, Redrow is being "shorted" by hedge fund manager, Catapult Capital Partners. As at 30 September, Catapult held a short position equivalent to 0.26% of the issued share capital of...
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01 October
2009Robert Wiseman upgraded to buy from hold at Panmure Gordon, target price raised to 475p from 400pAny way you look at it Wiseman is performing impressively, says Panmure Gordon's Graham Jones following the trading update. 'While Dairy Farmers of Britain’s collapse has reduced the number of...
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24 September
2009Highbridge shorts RedrowRedrow shares are being targeted by the "shorters". Highbridge Capital is the second asset manager to declare that it has gone short of the house builder which yesterday announced a £150m rights...
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24 September
2009Millennium shorts RedrowHouse-builder Redrow is being shorted by Millennium Partners. On 23 September Redrow announced a £150m rights issue at an issue price of 105p which represented a discount of 55% to the last...
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23 September
2009Redrow issue NAV dilutive, says Panmure GordonFollowing this morning’s rights issue and acquisition announcement from housebuilder Redrow, Panmure Gordon analyst Mark Hughes says the deal will be EPS enhancing from 2011E but NAV dilutive....
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23 September
2009Redrow £150m rights issue to cut debt and buy landHouse-builder Redrow has announced a 13 for 14 rights issue to raise £150m net, aimed at cutting debt and acquiring land. The 105p share issue price represents a 55% discount to the latest closing...
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23 September
2009FLASH: Redrow 13 for 14 rights issue to raise £150mStory provided by Business Financial Newswire
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16 September
2009FLASH: Redrow cut to underperform from neutral at DavyStory provided by Business Financial Newswire
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14 September
2009FLASH: Redrow downgraded to conviction sell at Goldman Sachs, target price raised to 178p from 174pStory provided by Business Financial Newswire
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10 September
2009Redrow dilutive fundraising likely, warns brokerRedrow will require a highly dilutive fundraising at some stage despite positive current trading, warns broker Panmure Gordon following the house-builder's final results. Any rights issue would...
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10 September
2009Redrow margins squeezedHousebuilder Redrow this morning reported a pretax loss of £140.8m for the year to end-June. Group revenue was £301.8m (2008: £650.1m), with decline driven by volume and price reductions in...
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10 September
2009FLASH: Redrow says current year sales 'comfortably ahead'Story provided by Business Financial Newswire
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10 September
2009FLASH: Redrow pre-tax loss £140.8mStory provided by Business Financial Newswire
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10 September
2009FLASH: Redrow revenue £301.8m versus £650.1mStory provided by Business Financial Newswire
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26 August
2009FLASH: Redrow upgraded to neutral from sell at UBS, TP raised to 230p from 150pStory provided by Business Financial Newswire
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20 August
2009Travis Perkins FD joins Redrow boardTravis Perkins finance director Paul Hampden Smith has been appointed as a non-executive director of Redrow. Story provided by Business Financial Newswire
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20 August
2009Redrow appoints deputy chairmanHouse builder Redrow has appointed Alan Jackson as non-executive deputy chairman and senior independent director. He is non-executive chairman of the Restaurant Group and Luminar and is on the...
