Barratt Redrow upgrades full-year profit forecast in first interim results since merger

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Buoyant housebuilder reports 23% increase in profit as it says merger will generate £100m of cost savings

Barratt Redrow has said its full-year profit will be towards the upper end of market expectations as it published its first interim results since its £2.5bn merger in the summer.

 The housebuilder, in a bullish update said its adjusted profit-before tax will now be towards £588m, ahead of the consensus figure of £542m

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