A proposed merger of Wimpey and Tayor Woodrow is all over the papers today.
How are the mighty fallen. When I was first at Wimpey, it was a near £2bn a year construction colossus built from nothing by Sir Godfrey Mitchell but they sold off everything but the housebuilding more than ten years ago.
I can't see that there's much more to the housebuilding business than managing the land bank. A far cry from "Sir God's" buccaneering heyday.
Monday, March 26, 2007
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