Profits surge for house builder Taylor Wimpey

Higher-quality locations combined with an increase in the average selling price underpinned a 40 per cent rise in the group operating profit of house builder Taylor Wimpey in 2012.

Higher-quality locations combined with an increase in the average selling price underpinned a 40 per cent rise in the group operating profit of house builder Taylor Wimpey in 2012.

Average selling prices on private completions increased by 6% to £197,000, according to the group's trading statement for the year ending December 31st.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.