Finance

First half profit falls at Redrow as chairman announces departure

By 2020-02-05T07:56:00

John Tutte, chief executive of Redrow

Redrow has posted a 15% fall in first-half profit after revenue dropped 10% as the housebuilder completed fewer homes.

Pre-tax profit for the six months to the end of December declined to £157m, down from £185m on-year.

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