Redrow provides positive update to investors

Redrow’s Vision project, Devonport, Plymouth

Housebuilder Redrow has told investors it expects to deliver figures close to pre-pandemic levels this year, as it benefited from pent-up demand after the Covid-19 lockdowns.

In a statement to shareholders, the group said turnover for fiscal 2022 is expected to reach £2.1bn with an operating margin of around 19%.

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