Sources close to retirement housebuilder McCarthy Stone have dismissed reports it will need new shareholder cash as part of an ￡800m refinancing deal, writes Tom Bill. The news follows media reports at the weekend that it was likely HBOS and Reuben Brothers would pump new money into the company to secure a relaxation of its lending agreements. A source close to the talks between the ￡458m-turnover group and its lenders expressed surprise at the reports. He said: "It's news to me because the company hasn't been working on that basis, as far as I'm aware. If it was true, it would obviously make refinancing a lot easier."
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