Two of the UK’s largest housebuilders will unveil plans to raise £850m in fresh equity on Wednesday, as pressure on the sector continues to force companies to shore up their balance sheets. Barratt Developments, the UK’s largest housebuilder, hopes to raise £700m through a placing and open offer, while smaller rival Redrow will ask for £150m.

This entry was posted by Gwen Robinson on Wednesday, September 23rd, 2009 at 4:57 and is filed under Capital markets. Tagged with barratt, redrow. Edit this entry.