Property firms battle through the housing gloom
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Your support makes all the difference.Property companies Taylor Wimpey and Rightmove both reported positive financial results yesterday, but warned of sluggishness in the housing market.
Taylor Wimpey, the UK's second-largest house builder, reported a 31 per cent jump in first-half pre-tax profits. Although revenues fell by 28 per cent to £818m following the sale of the group's US and Canadian business, pre-tax profits soared to £28.9m, from a loss of £2.3m in the same period of last year. Pete Redfern, the company's chief executive, said: "Although there is ongoing uncertainty in the wider economic environment, conditions in the UK housing market remain stable."
Separately, Rightmove, the property website,reported profits up by 17 per cent to £28.7m.
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