Costs to fix cladding wipe out Taylor Wimpey's profit

Higher than expected costs to remove cladding from Taylor Wimpey's buildings in response to the Grenfell fire tragedy have wiped out its profits, the housebuilder has said.The company made a loss in the first half of this year after putting aside an extra £222m to fix fire safety defects in homes it has built.Taylor Wimpey's share price sank early on Wednesday as it also revealed a slow down in sales, with…