Barratt and Redrow seek new cash

Sept. 23, 2009
Both Barratt and Redrow have announced that they are to seek to raise money through underwritten rights issues and share placings, moves that are seen as a reflection of the improving situation in the housing market. Barratt is seeking £720 million - £545 million through the rights issue and £175 million through placing 72.9million new shares at 240p - while …

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