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Redrow and Barratt to write off £300m
10:17 08 Sep 2008
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Barratt and Redrow are expected to report that a fall in land prices has wiped £300m from their portfolios.
Barratt chief executive Mark Clare will say he has had to write off £160m related to the value of his company's land bank when Barratt reports its final results on Wednesday, according to the Independent on Sunday.
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