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Taylor Wimpey hit by massive loss

By
Nishikant
on August 27, 2008 6:46 PM | | Comments (0) | TrackBacks (0)
Housebuilder Taylor Wimpey has reported a huge loss for the past six months after having to sharply reduce the value of its assets including land.

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The firm slumped to a loss of £1.54bn in the six months to 30 June, saying it faced "very challenging" conditions. It was hit by the lower value of its land in the UK, US and Spain, and the cost of downsizing its UK business.

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This page contains a single entry by Nishikant published on August 27, 2008 6:46 PM.

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