British housebuilder Redrow in talks with banks, Bank of England for financing

LONDON (Reuters) - Redrow , one of Britain's largest housebuilders, said it was in talks with six banks to secure additional credit and had applied to take part in the Bank of England's scheme for financing support as it shuts sites due to the coronavirus. The company, which said it had a strong balance sheet, will also furlough a "significant proportion" of its staff so they secure funding from the government. "These are unprecedented times," Executive Chairman John Tutte said. "The actions we..