Financial Times FT.com

Taylor Wimpey waits on rights issue

By David Fickling

Published: April 28 2009 23:34 | Last updated: April 28 2009 23:34

Taylor Wimpey is unlikley to announce any capital raising along with its preliminary results on Thursday, according to people familiar with the company’s plans.

Market talk at the end of last week suggested that a rights issue to raise at least £100m at 25p a share was imminent.

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