Redrow profits jump 80%

Last month Redrow announced their profits were up 80% from the previous year. This was due to an increase in supply of family housing as opposed to smaller flats. The share-price for Redrow has also increased by 2.25 pence per share.

This is a great indication of buoyancy returning to the housing market which should fore-shadow a much needed boost for removals. We’re still in the quiet winter period for our industry, but all indications are there for a good spring/summer 2012.

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