Taylor Wimpey to write down value of landbank

June 30, 2008
Volume housebuilder Taylor Wimpey has announced that it is likely to write down the value of its landbank in the UK by £550 million. In a trading statement issued today (June 30), the plc company said that it was reviewing the value of its inventories against the economic climate: “We currently anticipate that we will write down the value of …

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