PRIVATELY owned housebuilder Miller Group recorded another substantial pre-tax loss as it emerged that state-owned lender Royal Bank of Scotland has taken a 23% stake in the Edinburgh-based company.
Miller took £62.4 million of writedowns, which it said was linked to a financial restructuring, leading to a pre-tax loss of £92.8m for 2011. This was an improvement on the £158.8m deficit of the previous year.
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