Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTaylor Wimpey Share News (TW.)

Share Price Information for Taylor Wimpey (TW.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 142.25
Bid: 142.20
Ask: 142.30
Change: 0.10 (0.07%)
Spread: 0.10 (0.07%)
Open: 142.70
High: 143.00
Low: 142.00
Prev. Close: 142.15
TW. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Taylor Wimpey hails UK housing recovery as FY profits rise

Wed, 26th Feb 2014 07:00

Housebuilder Taylor Wimpey said the UK housing market was showing "significant recovery" for the first time in five years as it increased annual operating profits by 39 per cent to 312.9m pounds.The group, whose revenue in the year to December 31st rose 13.7% to £2.3bn, also said it was returning about £250m to shareholders, of which £50m would be in 2014 and £200m in 2015.It expects its strategy to lead to "further significant annual payments from 2016".It proposed a final maintenance dividend of 0.47p against 0.43p a year ago, giving a total for the year of 0.69p against 0.62p beforehand.Chief Executive Pete Redfern said its policy of adding to its short-term land stockpile and improvements in the UK housing market had helped it strongly improve its operating performance.There have been concerns that the UK government's Help to Buy scheme to assist people in getting onto the housing ladder risks creating a house price bubble as rising demand outstrips supply.Redfern told financial news agency Bloomberg that he believed talk of a bubble was overblown, with prices rises across the UK falling far short of the 20% drop in prices after the credit crunch.He said conditions in London were slightly different. "The issue in London is not so much about a bubble, it's about affordability and availability of housing for people to live in," he said.He warned against a sudden halt to Help to Buy, which he said was due to end in 2016, and said there should be a phased withdrawal over time."We would not want to see it continue long-term [...] but some sort of steady reduction seems sensible to us," he said.Taylor Wimpey completed 11,696 homes at an average selling price of £191,000 against 10,886 homes in 2012 at £181,000.The group increased its total order book by 31.4% to £1,246m at December 31st versus £948m in 2013.PW
More News
10 Jan 2024 16:51

LONDON MARKET CLOSE: Tepid trade as investors await US inflation data

(Alliance News) - London's FTSE 100 ended lower on Wednesday, as its difficult start to the year continues, as investors have one eye on Thursday's US inflation data.

Read more
10 Jan 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 falls as investors await rates clarity

(Alliance News) - Blue-chip European shares were lower early Wednesday afternoon, with the mood in equity markets uncertain ahead of Thursday's key US inflation report.

Read more
8 Jan 2024 09:24

LONDON BROKER RATINGS: Barclays cuts Berkley and Barratt, ups Bellway

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
4 Jan 2024 14:01

UK earnings, trading statements calendar - next 7 days

Friday 5 January 
no events scheduled 
Monday 8 January 
no events scheduled 
Tuesday 9 January 
B&M European Value Retail SATrading Statement
Games Workshop Group PLCHalf Year Results
Wednesday 10 January 
Glenveagh Properties PLCTrading Statement
Greggs PLCTrading Statement
Gym Group PLCTrading Statement
Hunting PLCTrading Statement
J Sainsbury PLCTrading Statement
Nichols PLCTrading Statement
Persimmon PLCTrading Statement
Thursday 11 January 
Atrato Onsite Energy PLCFull Year Results
Ferrexpo PLCFull Year Results
Hilton Food Group PLCFull Year Results
Knights Group Holdings PLCHalf Year Results
Marks & Spencer Group PLCTrading Statement
MJ Gleeson PLCTrading Statement
Reach PLCTrading Statement
Robert Walters PLCTrading Statement
Taylor Wimpey PLCTrading Statement
Tesco PLCTrading Statement
Whitbread PLCTrading Statement
XP Power LtdTrading Statement
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
20 Dec 2023 17:11

LONDON MARKET CLOSE: Stocks in festive mood after inflation surprise

(Alliance News) - Stocks in London soared on Wednesday, outperforming European peers, after a sharp drop in the annual rate of UK inflation fuelled hopes for interest rate cuts next year.

Read more
20 Dec 2023 17:04

LONDON MARKET CLOSE: Slowing UK consumer inflation lifts local stocks

(Alliance News) - Stock prices in London closed up on Wednesday as local consumer price inflation slowing faster than expected boosted investor sentiment.

Read more
20 Dec 2023 11:56

LONDON MARKET MIDDAY: Stocks sparkle thanks to UK inflation data

(Alliance News) - Stock prices in London were higher at midday Wednesday, as investors felt the festive cheer thanks to cooler-than-expected inflation data for the UK.

Read more
18 Dec 2023 09:17

LONDON BROKER RATINGS: UBS cuts Barratt, Berkeley, lifts Taylor Wimpey

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
18 Dec 2023 07:55

LONDON BRIEFING: Games Workshop seals Amazon deal for Warhammer 40,000

(Alliance News) - Stocks in London were set to retreat slightly on Monday, in line with equity markets in Asia, at the start of the last week before the Christmas holidays.

Read more
14 Dec 2023 16:58

LONDON MARKET CLOSE: FTSE 100 jumps on US rate cut euphoria

(Alliance News) - London's FTSE 100 surged on Thursday, turbocharged by a US Federal Reserve pivot, though the Bank of England and European Central Bank struck a more cautious tone.

Read more
8 Dec 2023 09:39

LONDON BROKER RATINGS: Goldman likes Sainsbury's; RBC cuts Imperial

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
7 Dec 2023 12:06

LONDON MARKET MIDDAY: Stocks muted amid pre-US jobs data nerves

(Alliance News) - London's FTSE 100 was slightly lower early on Thursday afternoon, with the mood in global markets cautious as investors eagerly anticipate Friday's US jobs data.

Read more
1 Dec 2023 11:50

LONDON MARKET MIDDAY: Miners lead FTSE 100 higher on Chinese data

(Alliance News) - Stock prices in London were higher at midday Friday, putting investors in a good mood as we enter the final month of the year.

Read more
1 Dec 2023 08:52

LONDON MARKET OPEN: Miners give FTSE 100 boost thanks to China PMI

(Alliance News) - Stock prices in London opened higher on Friday, with the FTSE 100 boosted by mining stocks.

Read more
17 Nov 2023 16:59

LONDON MARKET CLOSE: Europe shines but NY down at end of positive week

(Alliance News) - Equities in Europe ended a bullish week with more gains on Friday, shaking off an uncertain open in New York and a less-than-stellar UK retail sales reading.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.