Full Year Results 

Taylor Wimpey cranks up pay rate

Taylor Wimpey cranks up pay rate

Taylor Wimpey (TW.) largely dispelled fears over Brexit in its 2018 full-year results. Chief executive Peter Redfern said the ongoing political and economic uncertainty had not been enough to dampen demand for new-build homes. Indeed, a wide range of available mortgage products and low interest rates helped to push up sales in the North, Central and South West UK, while London and the South East remained broadly flat. Efficiencies matter whatever the state of the markets, so management is looking to reduce the land bank years to the 4-4.5-year range, from 5.1 currently.

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