House builder Redrow said that shareholders only took up a quarter of the 80 million pounds-worth of new shares it offered them in April.
The company's owners took up just over 12m shares, leaving the remaining 34m to go to the underwriter Bridgemere Securities, a company ultimately controlled by Steve Morgan, the Executive Chairman of Redrow.
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RICS: homebuyers are returning after stamp duty shockThe housing market has been subdued since stamp duty thresholds dropped in April, but there are signs of a recovery
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Reducing cash ISA limit will make lending difficult and expensive, warn providersAn open letter from the Building Societies Association has urged the chancellor to keep the cash ISA limit at £20,000. We look at whether a smaller cash ISA allowance will make it harder to get a mortgage or loan
