REDROW

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. » Más en 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. » Más en theguardian.com

Barratt Redrow said that chief financial officer Mike Scott is resigning from his position and as an executive director with immediate effect. Scott will remain available for a transition period until 31 January 2026, during which the board has begun the search for a permanent successor. In the interim, Micheal Passmore will assume the core finance functions and report directly to CEO David Thomas; the company continues to emphasize a strong financial position following the merger with Redrow. » Más en de.investing.com