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Page last updated at 12:27 GMT, Wednesday, 27 August 2008 13:27 UK

Massive losses for Taylor Wimpey

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One of the UK's biggest house builders has announced a 95% fall in profits for the first half of the year.

Taylor Wimpey is the latest house builder, following Persimmon, Barratt and Bovis Homes, in suffering from a much tougher mortgage market.

John Moylan reports.

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