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Housebuiilder Earnings Mount

13th Sep 2005, 15:17 GMT

Housebuilder Redrow beat profits as it outlined its strategy for further growth as the once red-hot housing market continues to ease. Completions rose 2% in the year to June 30, while the average selling price rose 11.4% to £172,000 reflecting high sales of its In the City apartments.

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