Rightmove and Taylor Wimpey have reported confidence in achieving their yearly forecasts, with increased sales and rising share prices in the first half despite gloomy forecasts for UK property in the post-Brexit environment. Aside from some slowdown at the top end, London property remains in a "robust" state, according to Taylor Wimpey CEO, Pete Redfern with normal levels of seasonal demand. Rightmove's revenues rose 12.1% to £1,079m in H1 2016 while Pete Redfern pre-tax profit rose 12.1% to £1,079m with sales of 6,019 properties over the period.
Rightmove and Taylor Wimpey have reported confidence in achieving their yearly forecasts, with increased sales and rising share prices in H1 2016 despite gloomy forecasts for UK property in the post-Brexit environment. Aside from some slowdown at the top end, London property remains in a "robust" state, according to Taylor Wimpey CEO, Pete Redfern with normal levels of seasonal demand. Rightmove's revenues rose 16% to £1,079m in the first half while Taylor Wimpey's pre-tax profit rose 12.1% to £266.6m with sales of 6,019 properties over the period.