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British homebuilder Taylor Wimpey reports lower first-half profit

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(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)

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