Monday, Jun 30, 2008
Wimpeys lenders relax 'banking covenants'....!
Property Week: Taylor Wimpey confirms emergency fund raising
Housebuilder Taylor Wimpey confirmed today that it was in talks with investors regarding emergency fund raising plans.
Posted by rental john @ 01:51 PM (159 views) Add Comment
1 Comment
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1. paul said...
"We currently anticipate that we will write down the value of the land bank and work-in-progress in the UK by approximately £550 million, in the US by approximately £70 million"
Bbbut, this whole thing was caused by the credit crunch in the US wasn't it? Why should they need to write down anything in the UK? This is a crowded island, and there's demand from immigrants and ermm, not enough houses being built and ermm stuff ...