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Taylor Wimpey shares crash after cash call fails

Shares in Taylor Wimpey crashed on the London Stock Exchange yesterday after the UK's largest home builder said it had not been able to persuade investors to stump up more cash and jolted the City with a warning of further housing market weakness.

Shares in Taylor Wimpey crashed on the London Stock Exchange yesterday after the UK's largest home builder said it had not been able to persuade investors to stump up more cash and jolted the City with a warning of further housing market weakness.