Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Taylor Wimpey cuts 2025 profit forecast to £420M due to weak demand and high mortgage rates.

flag UK housebuilder Taylor Wimpey has lowered its 2025 operating profit forecast to £420 million, down from £424 million, citing weaker demand, a shrinking order book, and uncertainty around the recent budget. flag Despite completing 11,229 homes in 2025—up from 10,593 in 2024—and rising average selling prices to £374,000, the company expects lower profit margins in 2026 due to high mortgage rates, regulatory hurdles, and subdued buyer activity. flag CEO Jennie Daly highlighted ongoing challenges for first-time buyers and cautious market sentiment, though planning reforms have improved permission approvals. flag Shares dropped up to 6% on the news.

4 Articles

Further Reading