Redrow hopeful of building upturn

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The Independent Online
Redrow, the housebuilder that came to market last year, blamed continuing difficult trading conditions on the last two Budgets and said a gradual return of confidence in the housing market would depend on this year's. Speaking at the company's annual meeting yesterday, Stephen Morgan, chairman, said a combination of industry rationalisation and improved purchaser confidence should improve the medium-term outlook.

Investment column, above