Buoyant Builders Raising Cash As Business Perks Up [Edition 3]

Evening Standard - London › September 23, 2009

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Summary

HoUSeBUILDerS Barratt Developments and redrow today tapped the City for almost Pounds 900 million amid signs business is returning to levels not seen since Northern rock's collapsed.

Barratt's Pounds 720.5 million fundraising is to pay off debts, build new houses and buy land, while rival redrow went to shareholders for Pounds 156 million.

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Buoyant Builders Raising Cash As Business Perks Up [Edition 3]

Commercial property firm Liberty International, which owns Covent garde...

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