Redrow says 2024 results will be at lower end of forecast after ‘subdued’ autumn

By Daniel Gayne2023-11-10T11:20:00

Trading update shows value of private reservations down 25%

Redrow expects its results for the current financial year to be at the lower end of its previous predictions because of a “subdued” autumn market.

When the housebuilder announced its most recent full-year results in September, it forecast a halving of profit in 2023/24, with the figure expected to be in the range of £180m and £200m.

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