Redrow PLC (LSE:RDW) will offer up full-year results next Wednesday, September 11 in what will likely be its final update as an independent company.
This is as the conclusion of a takeover by Barratt Developments PLC (LSE:BDEV) draws ever closer, with Redrow having been delisted from the London Stock Exchange in August.
A final regulatory green light is now all that is being awaited as "modest" competition concerns are addressed.
This is expected to come by October, leaving Redrow’s results an update for Barratt shareholders on what to expect from the new merged business.
Hargreaves Lansdown analyst Aarin Chiekrie noted the £2.5 billion tie-up was set to “create a major force in the sector”.
“If the combination can streamline joint operations and deliver the new homes as expected, there’s plenty of opportunity,” he added.
For Redrow, guidance was for revenue to sit between £1.65 billion and £1.70 this year, alongside a pre-tax profit of £180 million to £200 million.
This will come after a tough year for the sector, which has been plagued by high interest rates and lacking demand, as reflected in Barratt’s results earlier in the month.
Begbies Traynor partner Julie Palmer noted the Barratt-Redrow partnership should “amplify” the recoveries of each as a result, coming as the industry awaits clarity on Labour government plans to ramp up housebuilding over the coming years.