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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'We face a £6m inheritance tax bill under Reeves's changes – it's sheer terror'Thousands of families fear they’ll have no option but to look at selling their firms in a fire sale to pay inheritance tax bills, due to Rachel Reeves’s changes to business property relief
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Millions of over 50s fear pension investment risk – how should you position your portfolio?To de-risk or not to de-risk, that is the question. Act too late and you could face irreversible losses. Move too early and miss out on significant gains that could transform your retirement.
