Investment firm Elliott Advisors has launched an audacious bid to spark a full management overhaul at Taylor Wimpey, accusing the existing board of presiding over persistent “poor financial performance”.

Housing Today reported last week that the activist investor, which backed the reverse takeover of housebuilder Avant by Berkeley DeVeer earlier this year, had built up a stake in Taylor Wimpey with a view to prompting “corporate activity” at the listed housebuilder.

…