Taylor Wimpey PLC

TW.: XLON (GBR)
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Taylor Wimpey Earnings: Guidance Lowered and Distribution Cut, but This Was Largely Priced In

Taylor Wimpey narrowed its volume outlook for the year to the bottom half of the previously guided range and lowered its distribution target from 7.5% to 4.0% of net assets. It also reported higher-than-anticipated operating expenses that weighed on margins in the period.

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