Competition watchdog probes Barratt Redrow merger

The Competition and Markets Authority has opened an investigation into the £2.5bn acquisition of Redrow by rival Barratt.
The deal was announced last month creating to create a mega house builder turning over £7.45bn and delivering over 22,600 homes a year, based on past performance.
CMA watchdogs are investigating if the move “may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.”It a