In a brief update just six weeks after reporting its first-half results, the FTSE 250 firm said its “trading and performance continues to be robust, as a consequence of a record order book and a further increase in legal completions, combined with better than anticipated increases in average selling prices.” An increase in legal completions and a better-than-anticipated uptick in average selling prices have enabled a strong year-to-date performance from Redrow, according to a company statement. The firm is confident that it will see full-year pretax profits of at least £306m ($382m), an increase of 22% compared to the previous financial year. “Despite our recent gains, we remain concerned about the impact on profitability if Brexit leads to higher costs for businesses operating across Europe,” said chief executive David Taylor.
An increase in legal completions and a better-than-anticipated uptick in average selling prices have enabled a strong year-to-date performance from Redrow, according to a company statement. The firm is confident that it will see full-year pretax profits of at least £306m ($382m), an increase of 22% compared to the previous financial year. “Despite our recent gains, we remain concerned about the impact on profitability if Brexit leads to higher costs for businesses operating across Europe,” said chief executive David Taylor.