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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Redrow plc    RDW   GB00BG11K365

REDROW PLC

(RDW)
  Report
Delayed Quote. Delayed London Stock Exchange - 10/26 12:35:10 pm
460.8 GBX   -2.95%
10/09REDROW PLC : Big comeback of buyers
09/16UK stocks end lower on Brexit concerns; The Hut Group soars on debut
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09/16REDROW : British builders Galliford and Redrow to resume dividends
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UK stocks end lower on Brexit concerns; The Hut Group soars on debut

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09/16/2020 | 01:14pm EDT
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain

London-listed stocks slipped on Wednesday as the fraught trade talks between Britain and the European Union remained in focus, while shares in The Hut Group surged after the biggest UK initial public offering since 2013.

The e-commerce firm, which helps sell retail brands including Lookfantastic and skincare group ESPA, gained 25% in its first day of trading.

The blue-chip FTSE 100 fell 0.4%, with strength in the pound weighing on its export-heavy constituents. The head of the European Commission said the chances of reaching a trade deal were fading by the day as the UK government pushes ahead with moves that would breach their divorce treaty.

The threat of a no-deal Brexit adds another layer of uncertainty to the British economy, which is still reeling from the shock of the coronavirus outbreak.

"A new word has been invented - Le Brovid - to describe the simultaneous fears of a no deal Brexit and the inability to get the UK COVID-19 reproduction rate below one," strategists at Jefferies wrote in a note.

The mid-cap FTSE 250 fell 0.1%, with losses mitigated by continued gains in insurers after a court ruling over COVID-19 payouts was seen as favourable.

Investors are now looking to the Bank of England's policy meeting on Thursday for signs of more stimulus, a day after the U.S. Federal Reserve is expected to wrap up its meeting with a renewed pledge to keep interest rates low for long.

British homebuilder Redrow fell 1.8% after reporting a plunge in annual profit, while promising to renew dividend payouts next year as it halts investments in London and focuses on its Heritage Collection homes.

Construction firm Galliford Try Holdings rose 3.5% after it said it expects to return to profitability in fiscal 2021 as site activity resumes and productivity nears normal levels.

(Reporting by Shashank Nayar in Bengaluru; Editing by Uttaresh.V and Mark Potter)

By Shashank Nayar and Ambar Warrick


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All news about REDROW PLC
09/16UK stocks end lower on Brexit concerns; The Hut Group soars on debut
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More news
Financials
Sales 2021 1 685 M 2 192 M 2 192 M
Net income 2021 203 M 264 M 264 M
Net cash 2021 66,3 M 86,3 M 86,3 M
P/E ratio 2021 8,13x
Yield 2021 3,47%
Capitalization 1 630 M 2 127 M 2 121 M
EV / Sales 2021 0,93x
EV / Sales 2022 0,79x
Nbr of Employees 2 364
Free-Float 77,7%
Chart REDROW PLC
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Technical analysis trends REDROW PLC
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Average target price 576,14 GBX
Last Close Price 474,80 GBX
Spread / Highest target 58,0%
Spread / Average Target 21,3%
Spread / Lowest Target -20,0%
EPS Revisions
Managers
NameTitle
Matthew John Pratt Group CEO, COO & Director
John Frederick Tutte Non-Executive Chairman
Barbara May Richmond Group Chief Financial Officer & Executive Director
Andrew Nicholas Hewson Senior Independent Director
Michael Thomas Lyons Independent Non-Executive Director
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