Playing on the margins

Steve Menary
Dec. 1, 2011
"Maximising the value achieved from each home completion remains a higher priority than volume growth and we have achieved further improvement in the margin on sales in our order book." That passage from Taylor Wimpey's recent interim management statement easily applies to any of the group's listed brethren. Privately-owned housebuilders still have the bank manager to answer to, but the …

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