Despite a positive trading update, the housebuilder has warned that uncertainties are continuing to cloud the short-term market outlook.

Group operating profits for Taylor Wimpey's full year are now expected to be at the top end of its guidance range of £440m to £470m.

Following a recent report from Persimmon that legal completions at the firm could fall to between 8,000 and 9,000 homes after it completed 14,868 last year, Taylor Wimpey has followed...