Taylor Wimpey profit plummets by two-thirds

By Joey Gardiner2021-03-02T09:57:00

Firm to spend £125m repairing legacy apartment blocks but confident of 2021 market

Housebuilder Taylor Wimpey saw profit slump by more than two thirds last year as housing completions nosedived in the wake of the covid crisis.

But the firm, which announced 2020 results and a £125m investment in fixing historic fire safety problems today, said it was poised to capitalise on a strong housing market given six months of accelerated land buying and record forward sales.

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