Taylor Wimpey plans £660m write-down

Article Date : 30 June 2008
News Section: United Kingdom

Britain's largest housebuilder confirmed it is in talks with leading shareholders for up to £500m of emergency financing as it announced plans to write down £600m of its land bank in the face of a 'significant downturn' in the UK housing market

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Article provided by FT.com - Property.
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