Taylor Wimpey raises £500mln and goes on land buying spree
Sales demand has been strong since it reopened sales centres, the FTSE 100-listed housebuilder said
Company
Taylor Wimpey PLC
LON:TW.
Taylor Wimpey plc is a dedicated homebuilding company with operations in the UK, North America, Spain and Gibraltar.
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Taylor Wimpey sees resurgence of bookings as sales centres reopen
The housebuilder has started to look at buying land again
Taylor Wimpey to re-open show homes and sales centres in England and Wales
Show home viewings will be unaccompanied and only one family at a time will be able to view each house
Builders and building materials
Housebuilders to re-start work at construction sites despite coronavirus health warning
Building site workers may still be required to work within two metres of each other, in which case they should “work side by side, or facing away from each other”
Taylor Wimpey to re-open building sites from May
"We are now confident that we have clear plans and processes in place so we can safely start back on site"
Housebuilders: How much of an economic shock from coronavirus can they take?
Analysts have been crunching the numbers to work out how builders could cope with a major economic shock from a long lockdown or a big fall in house prices
Taylor Wimpey directors cancel pay rises and bonuses
All directors will also take a 30% reduction in their base salary or fees at least until the end of June
Taylor Wimpey sees subdued start to 2020 as it focuses on value
The housebuilder has reiterated operating profit margin target of 21-22% for the current year
Taylor Wimpey welcomes “political stability” and expects similar growth in 2020
The group completed 15,719 houses during the calendar year at an average selling price of £269,000
Will Boohoo's festive numbers confirm it remains 'queen of AIM'?
Tuesday will also see trading updates from Taylor Wimpey and PageGroup, plus half-year numbers from Games Workshop and DFS Furniture
Taylor Wimpey sales resilient despite seeing “increasing customer caution”
The FTSE 100 housebuilder said operating margins for the full year would be “slightly lower” than it had indicated at the half-year but sales volumes “slightly higher”
Investments and investor services
FTSE 100 closes in the red as traders await first US rate cut since recession
Investors are expecting a cut of 0.25% in the benchmark short-term rate
Archive
Lloyds to post weaker profits as PPI claims deadline looms
The day ahead includes interims from Lloyds and Taylor Wimpey along with the Federal Reserve's latest policy decision
Housebuilders' pay big yields but do they offer value any more?
“Given the attractive yields on offer, the question of sustainability becomes more hazy the further out you look”
Builders and building materials
Blue chip builders boosted as housing market brightens up according to surveyors report
A survey of surveyors showed interest among house buyers rose for the first time in more than two and a half years
Investments and investor services
FTSE 100 closes higher on day and week as world leaders meet
The mid-cap FTSE 250 added over 147 points to close at 19,462 on Friday
Archive
FTSE 100 closes higher led by defensive stocks
Footsie closed up 39 at 7,259, while mid-cap cousin FTSE 250 went the other direction, shedding over six points to close at 19,065
Archive
Aviva and CMC Markets in spotlight for busy Thursday
Investors look forward to a strategy update from Aviva's new boss, meanwhile, they are braced for CMC Markets results after the recent profit warning.
High FTSE yields point to 'dividend slaves' that may cut payouts
Grace Jones' Slave to the Rhythm might well have been about the pressure of a progressive dividend policy: 'Build on up, don't break the chain; Sparks will fly when the whistle blows'
Builders and building materials
Barratt Developments expects full-year results to be “modestly” ahead of forecasts
The housebuilder has made “good progress” on driving margin improvements, while it has also managed to keep a lid on costs, something its peer Taylor Wimpey recently said it had struggled with
Archive
BT Group will be in City spotlight on busiest day of the short week
Thursday's preview includes BT Group, Superdry, Morrisons, Barratt Developments, and RSA Insurance.
Archive
FirstGroup appoints ex-Taylor Wimpey finance director as new CFO, former GM VP brought in as non-exec
The FTSE 250 transport group said Ryan Mangold would take up the CFO position, filling the vacancy left by Matthew Gregory who was promoted to chief executive last year
House builders set up for 'shocks and surprises', Taylor Wimpey update suggests
"Previous commentary from the sector and the forecast consensus has been too bullish," says Shore Capital analyst, Robin Hardy
Taylor Wimpey crumbles as it warns Brexit is driving up build costs
The housebuilder has kept its full-year guidance on hold though, with record sales rates offsetting the squeeze on margins
Archive
FTSE 100 ends lower as US stocks retreat after mixed tech earnings
The FTSE 100 index closed 37.62 points, or 0.5% lower at 7,434.13, albeit above the session low of 7,405.99 as US stocks continued to post big falls on Thursday
Archive
Barclays set to kick off Q1 reporting season for UK banks
Aside from Barclays numbers, the Day Ahead will also bring updates from the likes of Taylor Wimpey and RELX, plus the final CMA decision on the planned Sainsbury's/Asda merger
Investments and investor services
FTSE 100 closes in positive territory, boosted by better-than-expected US March jobs figures as Brexit uncertainty continues
Mid-cap cousin FTSE 250 was also lower, shedding around 56 points at 19,507
Archive
Lloyds and other ex-dividends to knock 11 points off FTSE 100 on quiet Thursday in the City
Away from the ex-divs, Saga, Electrocomponents and EntertainmentOne are all due to come to the market with trading updates or results
Persimmon and Barratt Developments among those flying higher after a triple dose of good news for the builders
A raft of broker upgrades, some Brexit cheer and the strong performance of one of the sector's minor players helped boost sentiment
Archive
FTSE 100 closes higher at traders focus on Federal Reserve's dovish tone
The FTSE 250 though, seen as a better indicator of the state of UK companies, closed down around 41 points at 19,347.
Taylor Wimpey off to a "positive start" in 2019
Taylor Wimpey's order book stood at 8,304 units as at the end of 2018, up from 7,136 a year earlier
FTSE 100 finishes lower as global markets hit by geopolitical worries
The UK's blue chip index closed down nearly 44 points at 7,107. Meanwhile, mid-cap cousin FTSE 250 fell more than 116 at 19,513
End of Help to Buy could spell disaster for Persimmon and other housebuilders
More than 190,000 people have used Help to Buy since the programme was launched in 2013, government data revealed on Tuesday
Archive
ITV finals take spotlight for ‘hump day’ results
Shareholders in the blue-chip broadcaster may be approaching the results with some trepidation after it expected a softer fourth quarter in a November update
Investments and investor services
FTSE 100 closes higher but only just as sentiment boosted by trade progress
The UK blue-chip index finished around five points ahead at 7,183
Housing building triumvirate, Persimmon, Taylor Wimpey, and Bovis Homes to post 2018 results
Government schemes like help-to-buy and easier mortgage access have meant housebuilders have been able to boost revenues in recent years, but these external conditions are changing
Builders and building materials
Help to Buy underpinning new-build boom, says Berenberg, as it urges investors to plough into housebuilders
The secondary housing market might be flagging of late, but cheap mortgages and the Help to Buy scheme means demand for new builds from first time buyers is soaring
Builders and building materials
Crest Nicholson weak as Redburn downgrades in otherwise positive UK housebuilding review
Redburn’s analysts said: “Popular commentary continues to paint the UK housing market as weak, but we view activity as remarkably resilient considering Brexit uncertainties"
Investments and investor services
FTSE 100 closes higher as attention focuses on House of Commons vote
FTSE 100 closed 40 points higher at 6,895, while the mid-cap FTSE 250 closed around 12 up at 18,429.
Archive
Countryside Properties weak as JPMorgan cuts to ‘underweight’ on valuation grounds in upbeat housebuilders review
The US bank adjusted target prices for a number of other sector players, cutting those for Taylor Wimpey, Crest Nicholson PLC, and Bovis Homes, but raising the target for Redrow
Investments and investor services
FTSE 100 closes lower as Chinese data and Brexit weighs
Footsie closed down over 63 points at 6,855 on the day
Persimmon and Taylor Wimpey flourish after American bank issues 'double-upgrades'
Its stance on the sector as a whole as also become 'less negative'
Investments and investor services
FTSE 100 closes in red but nudges higher on the week; housebuilders gain on day
The UK blue-chip benchmark closed down around 24 points at 6,918, while FTSE 250 added nearly 107 points on the day
Taylor Wimpey update reassures but with a bumper dividend yield forecast, some questions remain
Russ Mould, investment director at AJ Bell said: “In normal circumstances, a yield of 10% or more is usually a reliable indicator that the market doesn’t believe the payout is sustainable”
Taylor Wimpey sees 2019 volumes similar to 2018 levels given current market conditions
The housebuilder said it ended 2018 with an "excellent" total order book valued at £1,782mln as at 31 December 2018, up from £1,628mln a year earlier, excluding joint ventures
Archive
FTSE 100 closes higher as traders optimistic on China/US talks breakthrough
The UK blue-chip benchmark added around 45 points at 6,906, while FTSE 250 surged even higher.
Archive
Slew of retailer trading updates to continue, Sainsbury's takes supermarket focus
The post-Christmas assessment of the high street will carry on unabated on Wednesday, with updates expected from Ted Baker, Topps Tiles and Majestic Wines
Archive
Slew of Christmas updates from retailers to dominate after Next's positive seasonal surprise
The Week Ahead will bring trading updates from the likes of M&S and Debenhams on the general retail front and all three of the listed UK supermarket groups – Morrisons, Sainsbury’s, and Tesco
Investments and investor services
FTSE 100: The good, the BATS and the Ocado in 2018
For Ocado, it was a case of "eat my shorts" as short sellers got burnt while for BATS, not enough cigarettes got burnt as e-cigarettes rose in popularity
Investments and investor services
FTSE 100 closes with modest gains on final pre-Christmas full-trading session as late Santa rally glimpsed
At the close, the UK blue-chip index was 9.24 points higher at 6,721.17 just below the late session peak of 6,733.00 and well above the early low of 6,653.65
Builders and building materials
Analysts can’t make their mind up about housebuilders
UBS and Shore Capital both acknowledge that trading is likely to get tougher for housebuilders but they also reckon that the market has knocked a bit too much off their share prices
Builders and building materials
Peel Hunt thinks Brexit uncertainty will stop house prices from rising in 2019
The City broker has slashed price targets for almost every UK housebuilder, while it has also downgraded a handful of companies in the sector
Builders and building materials
Liberum upgrades three housebuilders to 'Buy' as it sees upside from smooth Brexit outweigh no-deal risks
In a note to clients, the broker upgraded Barratt, Bovis Homes, and Crest Nicholson to ‘Buy’ from ‘Hold’ off what it said was an upside of “at least 20%” if a smooth Brexit materialised
Housebuilder Taylor Wimpey seeing “some signs of customer caution” in UK property market
“Whilst current forward indicators for sales continue to be solid, unsurprisingly due to the heightened political and economic uncertainty, we have seen some signs of customer caution, particularly in the south east”
Investments and investor services
FTSE 100 flatlines at close as sterling gains on Brexit optimism
The UK blue-chip benchmark closed up 0.68 at 7,053, while the FTSE 250 added over 174 points at 18,985
Archive
Taylor Wimpey and Vodafone to lead the way on a busy Tuesday in the City
The City diary is filled to the brim, with updates expected from Taylor Wimpey, McCarthy & Stone, Vodafone, Premier Foods, Experian and many more
FTSE 100 closes lower as political worries and trade fears put investors off
On Wall Street, the Dow Jones Industrial Average is down over 423 points at 25,565, while the S&P 500 is off around 37
Investments and investor services
FTSE 100 closes firmly lower as trade fears, bond yields and sterling rise creates perfect storm
The Footsie closed down nearly 92 points at 7,418, while the other major European benchmarks were also lower.
Investments and investor services
DFS Furniture set to release full year results, have investors already heard the worst?
DFS and Electrocomponents are set to be among Thursday's highlights.
Archive
Jack’s store roll-out in focus as Tesco reports first half results
The week ahead includes Tesco interims, full-year earnings from DFS Furniture and Ferguson, an Electrocomponents trading update and the US non-farm payrolls report
FTSE 100 closes higher with pound volatile, as tobacco stocks fire up on FDA move
The UK blue chip index rose 34 points to 7,308 around 3.40pm
FTSE 100 closes higher but only just as trade tensions continue
The Footsie closed the day in positive territory, just, but was down on the week as a whole
Taylor Wimpey sets aside £30mln to replace flammable cladding after Grenfell Tower tragedy
Taylor Wimpey remains on track to meet its expectations for 2018
Archive
BP may have already given a results spoiler, but there will be plenty else to digest on Tuesday
Aside from the oil giant's second-quarter numbers, results are also due from the likes of Centrica, Standard Chartered, Taylor Wimpey, Just Eat, and Greggs
House-builders have fallen into buying range
Berenberg has initiated coverage on 11 house-builders and not one of them is a 'sell' in its book
FTSE 100 closes down as market awaits Trump/Juncker meeting
The UK blue-chip index closed around 50 points lower at 7,658, while FTSE 250 was also down - over 99 points at 20,753
Archive
FTSE 100 starts week by ending lower as geopolitical woes hit sentiment...again
In London, FTSE 100 shed 23 points to 7,655, while FTSE 250 shed over 155 points at 20,770
Investments and investor services
FTSE 100 closes in the red as Trump's tariffs spook investors
Tariffs are to be imposed on steel and aloooooooooomin'm imported from Canada, Mexico and the European Union.
Investments and investor services
Johnson Matthey and FirstGroup set to provide Thursday’s highlight results
Platinum refiner Johnson Matthey provides one of the week’s rare blue-chip appearances, whereas FirstGroup investors will want answers after management snub takeover advances recently.
Archive
Quiet week seen following UK bank holiday, with any dividend news from RBS's AGM the main interest
Week Ahead also includes full-year results from platinum refiner Johnson Matthey PLC, transport operator Firstgroup PLC, and discount retailer B&M European Value Retail SA
Taylor Wimpey to whack up the divi as it signals confidence in growth prospects
So long as the tax-payer continues to subsidise the new-build market, everything looks rosy for the house builder
Taylor Wimpey says trading has recovered after blip caused by the "Beast from the East"
It's less than a week since it issued a brief trading statement at the time of its announcement about the resignation of its chief financial officer, so today's AGM statement contained few surprises
Taylor Wimpey says business continues to trade in line as it unveils departure of group finance director
The FTSE 100-listed housebuilder said that Ryan Mangold will be leaving his role as group finance director on 20 April 2018 after almost eight years in the position
FTSE 100 puts in late spurt to close comfortably higher
Shire shares propped up the rest of the Footsie leader-board despite Takeda unveiling an improved offer for the drugs maker
FTSE 100 closes firmly higher despite disappointing service sector stats
The UK bluechip-benchmark closed over 165 points higher at 7,199, while the FTSE 250 added over 311 points at 19,576
Archive
British Airways owner IAG and rival easyJet expected to continue March airline traffic boost
The day ahead includes March traffic from blue chip airlines easyJet PLC and British Airways owner International Airlines Group PLC, plus a trading update from Electrocomponents PLC
Archive
Topps Tiles, IAG, easyJet, Electrocomponents and US jobs in focus after Easter break
The week ahead includes interims from Topps Tiles, traffic statistics from easyJet and IAG, a trading statement from Electrocomponents and the US non-farm payrolls report
Investments and investor services
FTSE 100 closes firmly lower on chilly Wednesday with ITV the big switch-off
The Footsie may have mainly traded sideways throughout the day but there have been some notable movements among blue-chips.
Archive
Advertising key to ITV's latest results broadcast; Taylor Wimpey continues housebuilder updates
Day ahead includes full-year results from blue chips including broadcaster ITV PLC, housebuilder Taylor Wimpey PLC, motor insurer Admiral PLC, and mid cap estate agents Foxton's PLC
Investments and investor services
Nakama says expected recovery in trading has not materialised
Andrea Williams, the new chief executive officer, is conducting a strategic review of the operating businesses and putting in place measures to stabilise the business, reduce operating costs and grow net fee income.
Taylor Wimpey completes more homes in 2017 on strong demand despite Brexit uncertainty
Shares fell as analysts warned margins could come under pressure in a slower housing market
Investments and investor services
FTSE 100 closes at new high as banks bolster the premier index
The UK blue chip index rose to a new record high on Wednesday
J Sainsbury expected to report sluggish like-for-like sales growth for final quarter of 2017
Deutsche Bank expects Sainsbury’s will report a 0.4% gain in LFL sales from the year before, having revised this forecast down from its previous prediction of a 1.3% increase
FTSE 100 up 1% as pound takes a kicking following Brexit breakthrough
The non-farm payroll number beat consensus expectations, coming in at 228,000
Builders and building materials
Deutsche Bank says land banking review will actually be a positive for housebuilders
Land promoters will likely be the ones under the real pressure to offload sites they have no intention of developing, which could make it cheaper for housebuilders to buy up land
Taylor Wimpey reports 'strong' second half but order book down on last year
Taylor Wimpey remains cautious about the outlook amid Brexit uncertainty
FTSE 100 closes near intra-day high as pressure on May weakens sterling
Sterling's decline is good news for the FTSE100, which has a lot of big dollar earners in its midst
FTSE 100 closes lower after lacklustre day; May's Brexit plan in focus
Attention now switches to Theresa May's speech on Brexit in Florence
Investments and investor services
Mitchells & Butlers expected to show a slowdown in sales
Capita is among the blue-chip names on Thursday's agenda.
AB Dynamics shares rev up after receiving largest-ever order for driving robots
A look at some of the biggest risers and fallers in London today
FTSE 100 closes at 7,531 as new highs come in to view
The FTSE 100 index closed up 20.23 at 7,531, below the session peak of 7,533.74 and well above the day’s low of 7,511.71
Petrofac gets Oman contract boost; Anglo African Oil & Gas up on acquisition completion
A look at some of the biggest risers and faller in London today ...
Taylor Wimpey sees first-half profits drop after £130mln charge for ground rent scandal, but to pay another special dividend
The FTSE 100-listed housebuilder saw its headline pre-tax profit fall by 23.7% to £205mlm, down from £268.8mln a year earlier, as it took the big provision
Archive
Centrica and BP to put some energy into the start of August
British Gas owner Centrica and BP are among the blue-chip names in Tuesday’s City agenda.
Investments and investor services
FTSE 100 drifts off highs as US stocks make weak start
The FTSE 100 index was closed up 10.37 at 7,367 on Wednesday
Jefferies thinks 'All Roads Lead to New-build' as it repeats bullish view on UK housebuilders
The US broker highlighted four reasons for their preference for the builders noting, firstly. that not enough homes are being built in the UK, meaning demand outweighs supply
FTSE 100 reverses gains to close lower ahead of US rate decision
Bellway's bullish trading statement sparked buying activity across the sector
Investments and investor services
FTSE 100 closes below 7,500 ahead of UK election
FTSE 100 closed below the 7,500 level as traders sit and wait it out..
Footsie up ahead of close; unrest at ITV hits shares
The bulls could not quite push the top-share index above 7,400. Tomorrow they'll have a harder job with ex-div stocks lopping about 14 points off the Footsie