British homebuilder Taylor Wimpey reports lower first-half profit

(Reuters) - Britain's third-largest homebuilder Taylor Wimpey Plc <TW.L> reported lower first-half pretax profit on Wednesday, hit by higher costs, but said demand for homes was strong.

The company, which also forecast a drop in full-year margins, declared a special dividend of 360 million pounds for 2020.

(Reporting by Samantha Machado in Bengaluru; Editing by Anil D'Silva)