Home / News / Housebuilder forecasts profit rebound

Housebuilder forecasts profit rebound

Housebuilder Redrow has reported encouraging sales activity for the first six months of 2010, leading it to forecast a return to profit in the second half.
Sales were “comfortably ahead” of the same period a year ago, it said.

Redrow shares were up 2.5% in early trading as a result, whilst Barratt Developments climbed 6% and Taylor Wimpey rose 3.9%.

Shares in Bellway and Persimmon were also up by about 3%, after the latter reported sales 20% ahead of this time last year at £1.15bn.

About Fiona Russell-Horne

Fiona Russell-Horne
Group Managing Editor across the BMJ portfolio.

Check Also

James Burrell goes on recruitment path

Independent builders merchant, James Burrell is recruiting, despite the challenges laid down by the three …