Redrow posts 17% rise in profits but housebuilder warns on RPD tax

Redrow saw a 17 per cent in interim profits over the fast half of its financial year, but the British housebuilder has warned that the new residential property developer tax will hit future earnings.  The FTSE 250 company, which mainly builds standalone houses, said profit before tax for the 27 weeks to 2 January was …

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