The results of Persimmon and Taylor Wimpey, two of the UK's largest housebuilders, came in on target this week, but were more notable for what they didn't say than what they did. Taylor Wimpey reported a pre-tax loss of ￡640m for 2009, after taking a ￡604m writedown on land values in the first half of last year. It managed to make an operating profit of ￡43.3m on turnover of ￡2.6bn, down a quarter from last year, and to half debt from ￡1.53bn to ￡750m.
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