Redrow plans share buyback
Redrow has announced plans to buy back 10% of its shares.
FTSE 250
20,517.92
16:59 08/11/24
n/a
n/a
FTSE 350
4,459.45
16:59 08/11/24
n/a
n/a
FTSE All-Share
4,417.83
16:44 08/11/24
n/a
n/a
Household Goods & Home Construction
11,743.70
16:59 08/11/24
-3.17%
-384.55
Redrow
779.00p
16:44 22/08/24
0.00%
0.00p
The plans will be put to a shareholder vote.
Analysts at Whitman Howard said this was "a strong endorsement of the view that house builders will seek to return cash to shareholders" and that as Redrow has been one of the laggards in driving dividend payments the announcement "goes some way to addressing this point".
-- More to follow --