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04/08/2021

Taylor Wimpey lifts profit target after building record number of homes

Taylor Wimpey, one of the UK’s biggest housebuilders, has returned to profit and upgraded its earnings targets after building a record number of homes in the first six months of the year. The High Wycombe-based firm built more than 7,300 homes in the first half of 2021, almost all of which have been pre-sold, allowing the company to lock in the benefit of soaring house prices triggered by cheap loans, the government’s stamp duty holiday and a pandemic-driven preference for larger houses.

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(Source The Guardian)