"Redrow, up 12.5 per cent to 303¾p, was among the top performers in a strong housebuilding sector. On Thursday, Martin Hughes’ Tosca fund declared a 9.7 per cent stake in the company, which is seen as a possible takeover target for one of its peers."
http://www.ft.com/cms/s/0/9780f4cc-fa57-11dc-aa46-000077b07658.html