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12May94 UK: TAYWOOD CAUTIOUS - LOW MARGIN ENVIRONMENT.

Taylor Woodrow's businesses continued to perform well so far this year and the firm expects a 'reliable performance' from its construction division, said chairman Colin Parsons in the company's annual report.But he warned that a cautious approach must be taken in an environment of low margins.Last year Taylor Woodrow's contracting turnover fell by almost 20 per cent to £618 million as it sought to avoid tendering for contracts below cost. The order book fell 23 per cent last year ...

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