REDROW

Barratt Redrow completed 17,667 homes in FY 2026, with revenue above £6 billion, while adjusted profit before tax fell to £572.8 million as incentives and build-cost inflation weighed on margins. The Redrow acquisition integration is complete, delivering a £73 million P&L benefit and validating a £100 million synergy target, with further synergies expected in FY 2027. The group maintained FY 2027 completions guidance of 17,500–17,900, targets £400m of capital returns including £386m of share buybacks, and expects £400m–£500m net cash at year-end while planning ~£300m of building-safety spending. » More on finance.yahoo.com

Barratt Redrow recorded reservation growth of 6.3% in the third quarter of 2026 and an 11% improvement in its order book. The integration of Redrow delivers confirmed cost synergies of £100m; additionally around £50m of incremental profit contribution is expected for 2026. Guidance for housing volumes is 17,200–17,800 units, net cash is expected at £550–650m, while planned land investment has been reduced to £700–800m. Despite geopolitical uncertainty, management maintained its overall guidance; the share price rose 2.02% after the announcement. » More on de.investing.com

The Jockey Club holds an option granted in 2018 that would allow Redrow to buy and develop Kempton racecourse for housing, potentially ending racing at the profitable all‑weather venue. The revelation has provoked criticism over the Club’s secretive decision‑making and apparent conflict with its royal charter duty to act for the long‑term good of British racing. Changes in government planning law could make development easier, and the option runs until 2028 with limited scope to extend. Supporters warn the sale would sacrifice a historic and commercially important racing asset. » More on theguardian.com