Two of the UK's largest housebuilders have announced plans to bolster their finances by raising cash through selling more shares. Barratt Developments wants to raise £720.5m through a rights issue, while Redrow is aiming for £150m. Click here for more...
I took note of this sentence, 'Mr Clare added that the cash from the rights issue would also be used to develop a number of existing sites and to buy land if opportunities arose'.
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