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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Council tax bills in worst hit areas set to rise by £500 in the next four yearsBranded the ‘ultimate stealth tax’, the council tax burden is increasing across the country, with some areas potentially having to find hundreds of pounds more a year to pay the bill
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