UK’s Taylor Wimpey raises annual outlook, swings to H1 profit By Reuters
(Reuters) -UK homebuilder Taylor Wimpey Plc (LON:TW) on Wednesday raised its full-year earnings outlook, joining bigger rivals in projecting sustained demand, as Britain's housing boom stands to outlast the tax holiday period. Cheap loans and a pandemic-driven preference for larger houses from buyers who saved up during lockdowns have also helped homebuilders forecast a brighter outlook and driven up prices, although a survey last month pointed to a cooling in market activity. Britain's third-largest homebuilder forecast 2021 operating profit of about 820 million pounds ($1.14 billion), above the top end of a company-compiled...
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