France avoids recession as economy returns to growth; UK house prices drop – business live
Rolling coverage of the latest economic and financial newsChina manufacturing activity plummets amid Trump tariff warHousebuilder Taylor Wimpey has reported that the spring selling season “has progressed as expected”, despite the macroeconomic volatility triggered by the US trade war.The company told shareholders that some customers are facing “ongoing affordability challenges”, particularly in the south of England (where prices are higher), but that it is still seeing good quality customer interest.“The Spring selling season has progressed in line with expectations, with good levels of customer demand reflected in our sales rate. As a result, we are today reiterating our guidance for full year UK completions excluding JVs [joint ventures] and Group operating profit.Notwithstanding the wider macroeconomic backdrop, affordability is improving with lenders remaining committed to the housing market, albeit first time buyers continue to experience some challenges. Continue reading...
Rolling coverage of the latest economic and financial news
Housebuilder Taylor Wimpey has reported that the spring selling season “has progressed as expected”, despite the macroeconomic volatility triggered by the US trade war.
The company told shareholders that some customers are facing “ongoing affordability challenges”, particularly in the south of England (where prices are higher), but that it is still seeing good quality customer interest.
“The Spring selling season has progressed in line with expectations, with good levels of customer demand reflected in our sales rate. As a result, we are today reiterating our guidance for full year UK completions excluding JVs [joint ventures] and Group operating profit.
Notwithstanding the wider macroeconomic backdrop, affordability is improving with lenders remaining committed to the housing market, albeit first time buyers continue to experience some challenges. Continue reading...
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