Wednesday, Aug 05, 2009
Taylor Wimpey slashes value of land bank and ditches Bryant Homes and George Wimpey new build brands
This is money: Wimpey cuts ties with past as losses soar
Posting a half year £672.7m loss and is expected by analysts to have to post a further write of £400m over the next 18 months at current values and trading levels. Chief executive Pete Redfern is hopeful the worst is over for the company and said: 'We don't expect to have to make further land value adjustments.'
Posted by enuii @ 10:48 PM (289 views) Add Comment
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