Redrow’s earn­ings and div­i­dend boost

Shares - - BIG NEWS -

HOUSE­BUILDER Redrow (RDW) con­tin­ues to defy any con­cerns over the sec­tor as it raises guid­ance for profit and div­i­dends in the June 2020 fi­nan­cial year. Along­side record re­sults (5 Sep) for the 12 months to 30 June 2017, the company says it ex­pects to post a pre-tax profit of £430m and pay a div­i­dend of 32p com­pared with £315m and 17p in the year just ended. Year-to-date the shares are up 50% at 645.5p. (TS)

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