🟢 Taylor Wimpey is trading 4.3% up today as it rebounds from a selloff over lowered targets and dividend cuts

Taylor Wimpey is trading 4.3% up at £81.38 as the stock recovers from a sharp decline triggered by revised medium-term completion targets and a significant cut to shareholder returns.

• The company lowered its UK home completion ambitions and reduced annual shareholder returns from approximately 7.5% of net assets to 4%.
• Shares are rebounding after an initial 6.1% drop toward the £78.00 level, as investors recalibrate following the heavy selling pressure.