Housebuilder on track to reach a meaningful production capacity from the end of June
The development on Oliver Road will in Leyton will see 50% affordable homes delivered
Executive directors agree voluntary 30% cut in base salary and pension until 30 June
Housebuilder’s sales rate up 20%, but build cost inflation pushes profits down
The housebuilder has blamed rising build costs for a fall in its profit margin from 21.6% to 19.6%
Housebuilder’s order book value up 12.5% from last year
City Mills development wrapped in scaffolding for almost a year
Operating profit down around 9.4% to £311.9m on the back of rising build costs
He will take up the non-executive directorship from 1 October.
The housebuilder’s group legal director is retiring and a group general counsel has been appointed
Housebuilder Taylor Wimpey has posted a 5.5% rise in pretax profit.