US downturn hits Taylor Wimpey results

July 31, 2007
Taylor Wimpey’s first set of half year results included a write down of £86 million as the faltering US market took its toll. The write down came on the Taylor Woodrow arm of the group’s US operation, knocking Taywood’s half year profits down to just £18.3 million before tax. As a result Taylor Wimpey pre tax profits were £140.9 million …

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