Taylor Wimpey shares fall as cost to fix cladding hits profits

HOUSEBUILDER Taylor Wimpey delivered a double-digit surge in housing completions, though a substantial £222.2 million charge for rectifying combustible cladding plunged the firm into a half-year loss.

- AMBER MURRAY

Shares tumbled nearly 5% during early morning trading.

The developer constructed 5,264 homes during the first six months of 2025, marking an increase from the 4,728 properties completed in the corresponding period last year, the company announced to markets yesterday morning.

Revenues climbed 9% to £1.65 billion, with “robust” performance in the opening quarter followed by more subdued activity in the second.

Nevertheless, Taylor Wimpey recorded a pretax loss of £92m, reversing last year’s £99m profit.