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Taylor Wimpey confident on year ahead despite profit slump in 2023

Housebuilder Taylor Wimpey saw operating profits tumble close to 50 per cent during 2023, as it was hit by falling demand for new homes.

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Taylor Wimpey set to build fewer homes as profits slump but flags recovery signs

The housebuilder reported a 48% drop in underlying pre-tax profits to £473.8 million in 2023 after revenues slumped by more than a fifth.

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