BUSINESS LIVE: Taylor Wimpey profits surge; Darktrace boosts forecasts


BUSINESS LIVE: Taylor Wimpey profits surge; Darktrace boosts forecasts again; ITV plans to double digital revenues with new channel


Homebuilder Taylor Wimpey has assured investors over fears of a slowdown in the British housing market and announced a £150million share buyback after posting a more than two-fold surge in its annual profit.

Britain’s third-largest homebuilder’s pre-tax profit for 2021 came in at £679.6million, compared with £264.4million a year earlier.

Cybersecurity specialist Darktrace has raised its full-year outlook for the second time in three months reflecting strong customer growth and retention.

The group, which listed in April last year, posted a £5.9million pre-tax profit for the six months to 31 December, significantly ahead of a £48.4million loss during the same period the year before.

ITV plans to ‘at least double’ digital revenues to £750million by 2026, with the broadcaster set to launch a new on-demand platform called ITVX later this year.

Britain’s biggest free-to-air broadcaster reported a 24 per cent rise in external revenue in 2021, marking a record year for advertising revenue.

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Mounting concerns about cybersecurity have seen Darktrace revenues surge since it listed in April last year

Mounting concerns about cybersecurity have seen Darktrace revenues surge since it listed in April last year 

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