Wednesday, Aug 05, 2009
One housebuilder down... more to come soon.
Bloomberg.com: Taylor Wimpey Writedown Signals More Home Price Falls (Update1)
Aug. 5 (Bloomberg) -- Taylor Wimpey Plc, the U.K.’s largest homebuilder by revenue, dropped the most in almost a month after writing down the value of land and unfinished stock in Britain by 445 million pounds ($894 million).
Taylor Wimpey fell 3.2 percent after earlier declining as much as 7.5 percent. The size of the writedown indicates that the company is expecting further price declines, said Collins Stewart analyst Imran Akram.
Posted by hotfoot @ 06:34 PM (159 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.