Builders to Tap City

Barratt and Redrow, the housebuilders, just announced plans to boost their finances by selling more shares. It hopes to net £693.5 million, while Redrow wants to secure £150 million from shareholders. Builders have been encouraged to tap the City for cash to acquire new sites thanks to signs of stability in the housing market.

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  2012-02-08 17:30

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