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The sun shines on Taylor Wimpey.

Taylor Wimpey sales recover

Published:  06 July, 2012

LONDON: Taylor Wimpey, which teetered on the brink of collapse in 2009 due to its massive debts, said it had recorded an average of 0.6 sales a week in the half-year to 1 July, compared to 0.56 in the previous year.

The housebuilder said it had been encouraged by the number of higher-loan-to-value products since the start of the year under the Government's NewBuy Scheme.

The group completed the final stage of a financial overhaul in July when it sold its North American division, leaving it to focus on its UK business.