Taylor Wimpey PLC (LON:TW.) saw its first-half profit drop as it set aside �130mln to compensate homebuyers that were affected by a ground rent scandal, but has rewarded shareholders with another special dividend.
Housebuilder Taylor Wimpey PLC (LON:TW.) has revealed it will make a �130mln provision to cover disputes over leases taken out by customers that have left some of them with a doubling in ground rent as it unveiled a good start to trading in 2017.
Taylor Wimpey plc (LON:TW. shares received a boost today after Barclays upgraded its rating on the housebuilder to 'overweight' from 'equal weight', saying the fundamentals for the UK housing market remain strong.