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Nov 13 2019, 08:40 GMT
Taylor Wimpey plc
On track despite tricky trading
- Sectors : Construction and Housebuilding
- Companies : Taylor Wimpey plc
DAVY VIEW
Taylor Wimpey’s trading update shows the group on track to meet expectations despite difficult trading conditions. Sales rates and forward orders have held up, providing a solid cushion into 2020. Importantly, cost inflation is easing which is helping margins. The group’s financial position remains robust with net cash at year-end expected to be c.£500m.
