Taylor Wimpey cuts housing targets in ‘subdued’ market

Shares in Taylor Wimpey slipped on Wednesday after the housebuilder blamed the “subdued” property market for cuts to its housing and profit targets. The London-listed builder said rising mortgage rates caused by the Iran war are deterring Brits from buying new homes, slowing the usually-busy Autumn homeselling season. Shares in the group fell 4.5 per [...]