In its half-year results posted yesterday, the firm reported pre-tax losses of £92.1m for the six months to June 29 compared to profits of £99.7m a year earlier. Taylor Wimpey this was largely due to an extra £222.2m provision for fire safety measures.

Taylor Wimpey also warned that full-year earnings would be lower than expected at £424m after taking an unexpected £20m charge for historical defective work by a former contractor.

The firm announced an interim dividend of 4.67 pence per share, a drop from the 4.80 pence per share in the first half of 2024.

Taylor Wimpey said that the loss was partly caused by an £18m payout after an investigation into information sharing in the sector by the UK competition watchdog. 

The firm was one of seven builders that recently agreed to pay £100m between them as part of a package of commitments to address concerns following the probe by the Competition and Markets Authority into whether they shared commercially sensitive information.

Jennie Daly, chief executive of Taylor Wimpey, said that the firm had “delivered a good underlying performance in the first half of 2025 in line with our expectations, notwithstanding softer market conditions in the second quarter”.

She added: “The safety of our customers remains our highest priority – this principle has consistently guided our approach, and we have increased our cladding fire safety provision to reflect findings from updated fire risk assessments and investigations in the first half.”

She concluded: “Taylor Wimpey is a strong and agile business benefiting from a robust balance sheet and excellent landbank and is well positioned to deliver growth and attractive returns for shareholders.”