Homebuilder Redrow to shrink London business, warns of full-year sales drop
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(Reuters) - British homebuilder Redrow said on Tuesday it was scaling back its London operations and expects sales to drop more than a third this year due to the timing of coronavirus-fueled site closures. The Ewloe, UK-based company also warned that 2020 profit will be substantially below last year's due to the impact of Covid-19 and the trimming down of London operations."The timing of site closures due to Covid-19 towards the end of March had a profound impact upon the group's results in a..