Directors Deals 

Redrow chairman lightens the load

Redrow chairman lightens the load

“If I had returned before five months ago, we would probably not be in as big a mess as we are now.” So said Redrow (RDW) chairman Steve Morgan in September 2009 on his return as chairman to the company he had founded 35 years earlier, and whose board he had left in 2000. Although the housebuilder's share price has doubled since the start of the millennium, it was savaged at the time of the global financial crisis. Nonetheless, Redrow has turned a £194m pre-tax loss in 2008 to a profit of £315m in the year to June 2017, no doubt partly due to Mr Morgan's stewardship.

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