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Redrow Shares News & Articles

Market report: Melrose flies on aerospace sales while Boohoo struts its stuff

The FTSE 100 opens marginally lower at 7,304 on Thursday after the Prime Minister was boxed in by Parliament overnight. MPs from both sides blocked both a no-deal Brexit and a call for a snap election. In addition a number of stocks are trading ex-dividend today, dragging on the index. After the close last night FTSE Russell announced its quarterly index review, making three changes to the FTSE ...

Market report: Gains in Asia-focused banks offset domestic political concerns

UK shares opened firmer on Wednesday despite further political uncertainty after MPs voted against the Government last night, prompting fears that the prime minister would seek a snap general election under the Fixed-Term Parliaments Act. The FTSE 100 index gains 0.6% to 7,312 with banks, insurers, miners, oils and retailers contributing positively. Among the banks, index heavy-weight HSBC ...

Why the mixed reactions to the departures of top executives at Redrow and Persimmon?

In the housebuilding sector, there are two high profile departures today following the announced retirement of Redrow (RDW) founder and executive chairman Steve Morgan and Persimmon (PSN) chief executive Jeff Fairburn. A recent furore and intense media attention over Fairburn’s generous bonus of £75m, cut from £100m, resulted in his ‘mutually agreed’ exit. Managing director David ...

Market report: WPP growth slump shows scale of job for new boss, DS Smith and Redrow upbeat

Shares in the world's biggest advertising agency WPP (WPP) plunge more than 7% to £11.88 in early trade on Tuesday, heading the FTSE 100 loser board, after posting lower revenues in its first half results. The group, which confirmed Mark Read as its new chief executive yesterday, also raised its sales expectations for the full year, not that investors are giving it much credit for doing ...
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