Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more


Redrow, the Clwyd house builder, is considering floating its shares on the stock market.Deputy chairman Paul Pedley said: 'We have been reviewing the possibility of taking Redrow public.'If the market remains firm, we will give it very serious consideration over the next few weeks.'Redrow, which recently acquired Costain Homes, sold 1,105 units in 1992. In the year ending June 1993, it raised pre-tax profits by 30 per cent to £13.3 million.The firm, which also has commercial development, construction and hotels divisions, was founded by chairman and managing director Steve Morgan in 1974. Mr Morgan owns the bulk of the shares. CONSTRUCTION NEWS

Related Jobs