Taylor Wimpey profit slumps 43% as rate rises and inflation bite

By Carl Brown2023-08-02T11:30:00

Source: Shutterstock

Housebuilding giant says market weakened as half year wore on

Taylor Wimpey has reported a 43% fall in pre-tax profit as it battled rising costs and planning delays.

The housebuilding giant, in its half-year results for the six months to 2 July, reported pre-tax profit of £237.7m, down on the £414.5m reported for the same period the previous year.

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