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£500m cash injection for Taylor Wimpey

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  • £500m cash injection for Taylor Wimpey

    Housebuilder Taylor Wimpey is close to receiving a huge cash injection in a bid to shore up its balance sheet. The rescue is being co-ordinated by investment bank UBS, and JP Morgan Cazenove. The agreement, which is believed to raise as much as £500 million could be reached by Wednesday, at which time a trading update is [...]

    More: £500m cash injection for Taylor Wimpey

  • #2
    Originally posted by Developer View Post
    Housebuilder Taylor Wimpey is close to receiving a huge cash injection in a bid to shore up its balance sheet. The rescue is being co-ordinated by investment bank UBS, and JP Morgan Cazenove. The agreement, which is believed to raise as much as £500 million could be reached by Wednesday, at which time a trading update is [...]

    More: £500m cash injection for Taylor Wimpey
    Oh no dont you just hate this, no updates, what happened then?
    Webslave - Internet Marketing Research
    for Users, clients and future tracking - predictive web solutions.

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    • #3
      I know they are having problems in Florida...I have properties on ther market there reduced by nearly 50%. People are still not buying.
      Becky

      www.fruitmortgages.com

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      • #4
        Wimpey lost the deal, their shares tanked - they are now in debt talks with Rothschilde, selling assets, and taking investment from Morgan Stanley.

        Hope that helps.

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        • #5
          Re: £500m cash injection for Taylor Wimpey

          Other builders and developers seem to be starting to increase the amount of building they are carrying out, was wimpey very over extended do you think

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