Redrow keeps the flag flying. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here. Redrow proves that it is not just builders of duck houses who can profit from politics. Like so many in its industry, the FTSE 250 group has also done rather well from delivering the Conservative Party’s only policy for the under 65s: a subsidised deposit for (slightly larger and drier) houses.In the four years following the introduction of the government’s Help to Buy equity loan scheme, in April 2013, Redrow’s share price nearly tripled as sales volumes and margins grew. And, if a reminder of the political nature of these gains were needed, its shares briefly dipped last month on unfounded rumours of less Help to Buy in the
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Redrow keeps the flag flying. FT Opening Quote, with commentary by Matthew...