Redrow (RDW)

Sector:

Household Goods

Index:

FTSE 250

491.60p
   
  • Change Today:
      1.80p
  • 52 Week High: 718.80
  • 52 Week Low: 478.17
  • Currency: UK Pounds
  • Shares Issued: 352.19m
  • Volume: 318,180
  • Market Cap: £1,731.37m
  • RiskGrade: 176

Redrow eligible for govt support; furloughs 80% of workforce

By Michele Maatouk

Date: Thursday 09 Apr 2020

LONDON (ShareCast) - (Sharecast News) - Housebuilder Redrow said on Thursday that it is eligible for access to ?300m funding from the government's Covid Corporate Financing Facility and that it has furloughed 80% of its staff due to the outbreak.
As well as the additional funding from the government scheme, the company is in talks for a further ?100m of headroom under the existing revolving credit facility with its six relationship banks. These are progressing "well" and the documentation is expected to be concluded by the end of the month, it said. As a result, the RCF will increase from ?250m to ?350m.

Redrow said around 80% of its workforce has been furloughed under the Government's Job Retention Scheme. In addition, on 27 March the board and senior directors volunteered to take a 20% cut in salary for the duration of the crisis. Since then, the wider directorate in the business have also volunteered to take a 20% salary reduction.

Executive chairman John Tutte said: "The positive progress we have made on securing additional banking facilities means we can now finalise plans for our valued workforce and supply chain, to make an orderly return to work when we are advised it is safe to do so."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Redrow Market Data

Currency UK Pounds
Share Price 491.60p
Change Today 1.80p
% Change 0.37 %
52 Week High 718.80
52 Week Low 478.17
Volume 318,180
Shares Issued 352.19m
Market Cap £1,731.37m
RiskGrade 176

Redrow Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.82% above the market average93.82% above the market average93.82% above the market average93.82% above the market average93.82% above the market average
84.00% above the sector average84.00% above the sector average84.00% above the sector average84.00% above the sector average84.00% above the sector average
Price Trend
21.05% below the market average21.05% below the market average21.05% below the market average21.05% below the market average21.05% below the market average
28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average
Income
89.63% above the market average89.63% above the market average89.63% above the market average89.63% above the market average89.63% above the market average
40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average
Growth
70.26% above the market average70.26% above the market average70.26% above the market average70.26% above the market average70.26% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average

What The Brokers Say

Strong Buy 13
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 14
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Redrow Dividends

  Latest Previous
  Interim Final
Ex-Div 24-Feb-22 23-Sep-21
Paid 08-Apr-22 17-Nov-21
Amount 10.00p 18.50p

Trades for 01-Jul-2022

Time Volume / Share Price
16:45 8 @ 488.60p
16:45 8 @ 488.60p
16:45 48 @ 488.60p
16:45 48 @ 488.60p
16:35 144,480 @ 491.60p

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