Redrow , one of Britain's largest housebuilders, is in talks with six banks to secure additional credit and has applied to take part in the Bank of England's scheme for financing support as it shuts sites due to the coronavirus pandemic.
FILE PHOTO - The company logo of construction company Redrow is pictured on a flag at a new housing development near Manchester northern England, April 7, 2016. REUTERS/Phil Noble
The company, which says it has a strong balance sheet, will also furlough a “significant proportion” of its staff so they can secure funding from the government under an emergency state aid package for businesses..
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