Soaring house prices lead to record revenue for housebuilder Redrow

British housebuilder Redrow posted record half-year revenue of just over a billion pounds

British housebuilder Redrow has posted record half-year revenues of just over a billion, boosting profits by 16.6% to £203 million.

The company has increased its interim dividend by 4p to 10p as its boss talks up future prospects on the back of the healthy house market.