Taylor Wimpey to lift H2 profit 80%

Housebuilder Taylor Wimpey said trading conditions have remained robust since its interim update in November 2011 and it expects to post an 80% increase in operating profit for the second half of 2011.

Housebuilder Taylor Wimpey said trading conditions have remained robust since its interim update in November 2011 and it expects to post an 80% increase in operating profit for the second half of 2011.

While momentum continues Taylor Wimpey has also benefited from restructuring and cost cutting including the disposal of its North American business. It also underwent a senior management reshuffle and a second refinancing last year.

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