Taylor Wimpey shares rocket after profit upgrade

By Joey Gardiner2020-11-09T09:41:00

Chief exec Pete Redfern says housebuilder expects to beat financial forecasts for 2021

Shares in Taylor Wimpey soared this morning after the firm said it expected results for next year to be better than expected following the strong recovery from the spring lockdown.

Shares rose more than 12% in early trading after chief executive Pete Redfern (pictured), who was last week awarded Building’s CEO of the Year, said in a trading update he expected full year results for 2020 at the upper end of expectations, and operating profit in 2021 “materially above” what analysts are expecting.

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