Taylor Wimpey is trading 6.1% down at £78.00 after the housebuilder lowered its medium-term targets for UK home completions and significantly reduced its shareholder return policy.

  • Annual shareholder returns were cut from approximately 7.5% of net assets to 4%, weighing heavily on investor sentiment.
  • The company reduced its full-year UK home completion guidance, overshadowing a projected return to profitability in the first half of 2026.