Financial Times FT.com

UK housebuilders

Taylor Wimpey to delay results

By David Fickling and Anousha Sakoui

Published: March 4 2009 23:14 | Last updated: March 4 2009 23:14

The announcement of Taylor Wimpey’s preliminary re­sults will be pushed back to April and testing of its debt covenants will be deferred a second time owing to difficulties among lenders in agreeing refinancing terms.

The debt-stricken , which has been in talks with about 50 different lenders for nine months after a failed capital raising last summer, said discussions were “at an advanced stage and continue on a constructive basis”.

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