Tue, 28th Aug 2018 11:49
LONDON (Alliance News) - The Financial Times reported on Tuesday that Barclays PLC refused to loan to Taylor Wimpey PLC over concerns about the UK housebuilder's complicated leases.
Barclays, the newspaper said, was unhappy with underleases sold to buyers by Taylor Wimpey at the latter's Chobham Manor development in Stratford, east London.
https://www.ft.com/content/c7ab68c0-a614-11e8-8ecf-a7ae1beff35b
Taylor Wimpey shares were up 1.1% on Tuesday at 170.65 pence.
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Barclays (BARC)
Taylor Wimpey (TW.)