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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
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Share Price: 134.95
Bid: 134.90
Ask: 135.00
Change: 1.25 (0.93%)
Spread: 0.10 (0.074%)
Open: 134.55
High: 135.10
Low: 133.85
Prev. Close: 133.70
TW. Live PriceLast checked at -

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Housebuilders rally as BoA Merrill says risks priced in, upgrades sector

Fri, 11th Jan 2019 10:04

(Sharecast News) - Housebuilders were the star performers on the FTSE 100 on Friday as Bank of America Merrill Lynch upped its stance on the sector to 'neutral' from 'underperform' and boosted its ratings on several stocks, saying the risks are now priced in."Sentiment surrounding Brexit appears to be a strong factor driving the direction of share prices on any given day; a resolution towards a 'soft' Brexit and the shares rise, but if a 'hard' or 'no deal' Brexit looks more likely, the sector underperforms, often quite violently," said the bank."It seems at least possible, or even probable, that some sort of Brexit resolution is within sight and therefore the UK housebuilding sector may see some relief."On the assumption that a 'hard'/'no deal' Brexit is avoided, Merrill bumped up its sector rating.It double-upgraded "top picks" Persimmon and Taylor Wimpey to 'buy', lifting the target prices to 2,400p from 2,200p and to 175p from 160p, respectively.Merrill said Persimmon offers investors the highest free cash flow yield in the sector and a combined 'ordinary' and 'special' dividend stream that yields more than 11%. "Furthermore, the year-end net cash position could be circa £1.3bn, enough to cover its total dividend for two years," it said.As far as Taylor Wimpey is concerned, it highlighted the highest dividend yield in the sector at over 12%."The company ended 2018 with net cash of circa £600m sufficient to cover dividend outflows in 2018 1.2x. On 9 Jan, 19 it published a reassuring trading update covering year end that also contained a forward order book that was up over 9% year-on-year implying good momentum into 2019," it said.The bank also upgraded Barratt Developments and Bellway to 'neutral' from 'underperform', upping the price targets to 535p from 470p and 3,000p from 2,630p, respectively.It said Barratt has been trading robustly and is making progress its internal margin improvement targets. On Bellway, it said the balance sheet is unstretched and the land bank is shorter than peers implying relative attractions rest elsewhere.It maintained its 'underperform' ratings on both Berkeley Group and Bovis Homes on valuation grounds. The bank also left Redrow at 'underperform'. The Bovis target price was slashed to 825p from 1,040p while Berkeley's and Redrow's were unchanged at 3,300p and 500p, respectively. At 0945 GMT, Persimmon was up 3.4% to 2,182p, Taylor Wimpey was up 3.9% at 154.75p, Barratt was 1.8% higher at 497.80p and Bellway was up 2.1% at 2,792p.
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26 Feb 2024 07:52

UK housebuilders face CMA probe over info sharing, home quality

(Sharecast News) - Britain's competition watchdog has started an investigation into eight housebuilders over evidence they may have been sharing information which could be harming competition in the sector and influencing prices.

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26 Feb 2024 07:47

LONDON BRIEFING: CMA investigates housebuilders; Bunzl profit up 10%

(Alliance News) - Stocks in London are expected to edge lower on Monday, as investors are shift their attention to this week's economic data.

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23 Feb 2024 09:19

LONDON BROKER RATINGS: Barclays raises Breedon but cuts Domino's Pizza

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

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21 Feb 2024 15:14

UK earnings, trading statements calendar - next 7 days

Thursday 22 February 
Anglo American PLCFull Year Results
Genus PLCHalf Year Results
Hargreaves Lansdown PLCHalf Year Results
Hays PLCHalf Year Results
Hikma Pharmaceuticals PLCFull Year Results
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Friday 23 February 
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Monday 26 February 
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Wednesday 28 February 
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Avingtrans PLCHalf Year Results
Bluefield Solar Income Fund LtdHalf Year Results
Derwent London PLCFull Year Results
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Taylor Wimpey PLCFull Year Results
  
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19 Feb 2024 11:51

LONDON MARKET MIDDAY: Stocks lack direction amid quiet start to week

(Alliance News) - Stock prices in London lacked direction at midday Monday, amid a quiet start to the week.

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18 Feb 2024 23:26

Sunday newspaper round-up: Currys, Barclays, Homebuilders

(Sharecast News) - China's JD.com has been looking at a possible acquisition offer for Currys. Just the day before the electricals retailer had rebuffed an approach by private equity. Exploratory talks between Currys and JD had been held over the preceding weeks. Additional bidders may appear. It was understood that Currys had been contacted by multiple private equity firms on an informal basis over recent months after it was forced to cut its dividend payout. It was but the latest example of a British business being taken out and for some showed that British businesses were being chronically undervalued. - Sunday Telegraph

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14 Feb 2024 16:53

LONDON MARKET CLOSE: Investors celebrate steady UK inflation

(Alliance News) - Stock prices in London closed higher on Wednesday, after data showed that the UK's annual inflation rate was steady last month, defying expectations of an acceleration.

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14 Feb 2024 15:23

London close: Stocks rise as UK inflation holds steady

(Sharecast News) - London markets ended the day on a positive note on Wednesday as housebuilders rallied, following data indicating that UK inflation remained steady in January.

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13 Feb 2024 16:53

LONDON MARKET CLOSE: Stocks in red amid sticky US inflation data

(Alliance News) - Stock prices in London closed in the red on Tuesday, after a key US inflation reading came in hotter-than-expected.

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13 Feb 2024 16:21

London close: Stocks fall as US inflation tops expectations

(Sharecast News) - London markets ended the trading day in negative territory on Tuesday, influenced by concerns over higher inflation figures from the United States and a deceleration in wage growth within the UK.

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13 Feb 2024 16:21

London close: Stocks fall as US inflation tops expectations

(Sharecast News) - London markets ended the trading day in negative territory on Tuesday, influenced by concerns over higher inflation figures from the United States and a deceleration in wage growth within the UK.

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13 Feb 2024 12:06

LONDON MARKET MIDDAY: Stocks fall but pound up before US data

(Alliance News) - Stock prices in London were on the decline on Tuesday afternoon, with sentiment tetchy ahead of a US inflation report later.

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13 Feb 2024 08:48

LONDON MARKET OPEN: Slow start ahead of US inflation reading

(Alliance News) - Stock prices in London opened lower on Tuesday, with a stronger pound and interest rate sensitive stocks keeping a lid on the FTSE 100, following more robust than expected UK labour market data.

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9 Feb 2024 11:44

LONDON MARKET MIDDAY: European markets quiet heading into afternoon

(Alliance News) - European stock markets were quiet heading into Friday afternoon, as investors eye the annual US consumer price index benchmarks revisions.

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7 Feb 2024 16:53

LONDON MARKET CLOSE: European equities slip but US stocks press on

(Alliance News) - The FTSE 100 underperformed on Wednesday, although equities in New York pushed higher despite lingering US interest rate worries.

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