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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: Taylor Wimpey upgrades profit guidance, OPEC meets

OPEC members approved a tiny increase in oil output today in a move some saw as a snub to US President Joe Biden.

Housebuilder Taylor Wimpey today upgraded profits guidance amid signs of continued resilience in the UK property market.

The FTSE 100-listed company reported a 16% rise in interim profits to £334.5 million and said it expects a full-year performance around the top end of current City forecasts.

Chief executive Jennie Daly said housing market fundamentals remain positive: “Demand for our homes remains strong.”

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