logo
  

Redrow Says Home Turnover For 19 Weeks 4% Down From Exceptional Level Last Year

Redrow Plc (RDW.L) on Friday said its homes turnover for the 19 weeks to 5 November was at 666 million pounds, 4% below the exceptional level of 690 million pounds it recorded last year.

The value of net private reservations in the 19 weeks to 5 November 2021 increased 2% year-over-year at 672 million pounds.

The company said its total forward order book is a record at 1.51 billion pounds compared with 1.48 billion pounds last year.

Looking forward, the company expects its turnover for 2022 to be about 2.1 billion pounds, based on the strength of its order book, ongoing sales rates and the increase in private average selling prices.

"As a result of our strategy to grow the business outside London, with a strong focus on our industry leading product and placemaking, we expect to deliver results in the 2022 financial year approaching those achieved in 2019," Redrow said.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Japanese entrepreneur Yusaku Maezawa has selected ten crewmembers, comprising artists, content creators, and athletes, to fly with him on SpaceX's Starship around the Moon on the dearMoon mission. SpaceX's first private lunar flight with dearMoon crew, including two backups, is planned to take place in 2023. Maezawa announced the crew for the mission in a YouTube video and a tweet. SpaceX, owned by Elon Musk, has launched 40 satellites of British communications network OneWeb into orbit. From NASA's Kennedy Space Center or KSC in Florida, Falcon 9 rocket on Thursday evening carried the satellites. The Falcon 9's first stage separated, and it then returned to Earth to make a landing on a SpaceX pad at the nearby Cape Canaveral Space Force Station. Google, owned by Alphabet Inc., plans to merge its teams working on Maps products and the mapping service Waze with effect from December 9, reports said. The decision to consolidate processes comes as the search giant is facing pressure to streamline operations and cut costs. The restructuring is expected to reduce overlapping work across the Waze and Maps products.
RELATED NEWS
Follow RTT