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10 February 2021 | 07:08am StockMarketWire.com - House builder Redrow reinstated its dividend after it notched an 11% rise in first-half profit, underpinned by a recovery in demand partly driven by the looming end of the UK government's Help-to-Buy subsidy. Pre-tax profit for the six months through 27 December increased to £174 million, up from £157 million year-on-year, as revenue climbed 20% to £1.04 billion. The company declared an interim dividend of 6p per share. Home completions rose 20% to 3,065 and Redrow's order book grew 8% to £1.3 billion. 'The group delivered a strong first-ha...

10 February 2021 | 12:00pm StockMarketWire.com - The FTSE 100 made steady gains on Wednesday, up 0.3% to 6,548.39 by midday supported by strength in the mining sector as investors looked towards a recovery from the pandemic. Sentiment was also supported by the new record highs marked by US and Asian stocks overnight. Housebuilder Persimmon dipped 0.3% to £27.74 after it identified unsafe cladding materials in high-rise buildings and flagged a £75 million charge to pay for replacement work. Persimmon's review comes in the wake of the Grenfell Tower disaster in 2017, which saw a high-rise res...