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Taylor Wimpey sets tougher targets
4:00pm Tuesday 13th May 2014 in Business
HOUSEBUILDER Taylor Wimpey says it will set itself tougher financial targets as the housing market continues to improve.
The firm has unveiled a number of goals, including boosting assets by 15 per cent from 2015 to 2017.
The group, which teetered on the brink of collapse in 2009 due to massive debts, has been helped by a strengthening economy, record-low borrowing costs and the Government's Help to Buy scheme.
It said: "The UK housing market continues to perform strongly with sales rates and pricing at the upper end of our expectations.
"Since 2011, we have consistently outperformed the pace of improvement that we set and we are confident that by the end of 2015, we will have met or exceeded each of our key financial targets."
Bosses also reiterated plans to return up to £50m to investors by July and £200m by July 2015.