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Find out moreHousebuilder Redrow has said it will resume work on selected sites as the steady start to 2009 continues
In a trading update this week, the firm said: “With sales volumes in the housing market seeming to have stabilised, we are recommencing construction on certain developments and starting new sites from our existing landbank.” Net debt is about £235m, which Redrow said was well within its facilities of £425m, and should fall to £225m by the end of June.
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Contractor had already received emergency funding from Welsh government
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