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The housebuilder’s shares are up 50% so far this year
Thursday 07 Sep 2017 Author: Tom Sieber

Housebuilder Redrow (RDW) continues to defy any concerns over the sector as it raises guidance for profit and dividends in the June 2020 financial year. Alongside record results (5 Sep) for the 12 months to 30 June 2017, the company says it expects to post a pre-tax profit of £430m and pay a dividend of 32p compared with £315m and 17p in the year just ended. Year-to-date the shares are up 50% at 645.5p.

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