Property companies Taylor Wimpey and Rightmove both reported positive financial results yesterday, but warned of continuing sluggishness in the housing market.
Taylor Wimpey, the UK's second-largest house builder, reported a 31 per cent jump in first-half pre-tax profits. Although revenues fell by 28 per cent to £818m following the sale of the group's US and Canadian business, pre-tax profits soared to £28.9m, from a loss of £2.3m in the sameperiod of last year..............................................Full Article: Source
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