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Lenders call for the sale of Taylor Woodrow

Banks have ordered Taylor Wimpey to sell its construction arm - Taylor Woodrow, after the company failed to raise emergency funding to the tune of £500m this week.
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Taylor Wimpey executive to go after failing to secure finance

Taylor Wimpey has announced the departure of its finance director, Peter Johnson, after failing to secure capital from shareholders and potential new investors. The company has now admitted that it could breach banking covenants unless the housing markert recovers.
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Posted by
Marc Da-Silva
in Barratt Development, News, Persimmon Homes, Peter Johnson, Peter Redfern, Redrow, Taylor Wimpey on Wed 2 Jul 2008
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