Taylor Wimpey, the stricken housebuilder, has reached a refinancing agreement with its key creditors after more than nine months of negotiations.
However, the company also revealed pre-tax losses of nearly £2bn and net debts of £1.57bn.
COMPANIES
Taylor Wimpey in 11th-hour rescue deal
By David Fickling
Published: April 7 2009 13:38 | Last updated: April 7 2009 22:22
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