The chief executive of Taylor Wimpey has moved to defuse a potential row by pulling out of plans to buy a luxury flat from the housebuilder at a £436,000 discount to the original asking price.
The decision to scrap the plan came 24 hours after The Times reported how Pete Redfern, 46, was being offered the chance to buy the apartment in central London, which was originally priced at £2.48m, for £2.04m.
Taylor Wimpey, one of Britain’s biggest housebuilders, described the change of mind as “a personal decision” by Redfern, who has run the FTSE 100 housebuilder for the 12 years since the merger of Taylor Woodrow with George Wimpey.
