UK’s Taylor Wimpey upbeat on profits as house completions on track

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Reuters UK

By Aby Jose Koilparambil (Reuters) – Taylor Wimpey expects annual operating profit around the top end of analysts’ expectations and to meet its house completions target despite supply challenges, Britain’s third-biggest homebuilder said on Wednesday, boosting its shares. Britain’s housing sector is struggling with a surge in build costs, labour shortages and supply chain snags. Last month, Taylor Wimpey’s bigger rivals Barratt and Persimmon flagged pressure on completions. “We continue to expect low single digit year-on-year growth in UK completions for 2022 and our margin guidance remains unc…

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