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Pin to quick picksTaylor Wimpey Share News (TW.)

Share Price Information for Taylor Wimpey (TW.)

London Stock Exchange
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Share Price: 139.20
Bid: 138.40
Ask: 138.50
Change: 5.50 (4.11%)
Spread: 0.10 (0.072%)
Open: 134.55
High: 139.20
Low: 133.85
Prev. Close: 133.70
TW. Live PriceLast checked at -

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Housing stocks gain as BoE unveils 'modest' measures to cool market

Thu, 26th Jun 2014 13:31

The Bank of England (BoE) announced a series of measures on Thursday to cool the housing market, which it claims is the biggest risk to the economic recovery.However, housing stocks rose strongly in London as investors breathed a sigh of relief in reaction to the proposals which "look - at least at first sight - less draconian than many observers have feared", according to Alastair Stewart at Westhouse Securities.The Financial Policy Committee (FPC) recommended a cap on loan-to-income (LTI) ratios, suggesting that lenders do not give out more than 15% of mortgages at or greater than 4.5 times household income.Separately, the Treasury announced that no new loans at or above an LTI of 4.5 will be available under the Help to Buy mortgage guarantee scheme.The FPC also said that so-called "affordability tests" on borrowers should be stricter.It said the decisions were made "with the intention of capturing macroprudential risks associated with excessive household indebtedness"."Lenders should continue to apply whatever criteria they feel are appropriate and commensurate with their risk appetite when taking individual lending decisions," it said.Martin Beck, the Senior Economic Advisor to the EY ITEM Club, said that the recommendations announced on Thursday were "fairly modest" and that the "direct effect [...] in cooling the housing market is likely to be limited"."With high loan-to-income mortgages currently accounting for only 10% of the total, there is still sizeable room for such lending to expand before the FPC's cap is reached," he said.Beck also pointed out the that new rules will not apply to cash purchases which are currently at a record high as a proportion of home sales.Housebuilders Persimmon, Barratt Developments, Taylor Wimpey and Berkeley all jumped strongly after the measures were announced, along with builders' merchant Travis Perkins and equipment rental firm Ashtead.BC
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UK earnings, trading statements calendar - next 7 days

Friday 5 January 
no events scheduled 
Monday 8 January 
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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
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Persimmon PLCTrading Statement
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Reach PLCTrading Statement
Robert Walters PLCTrading Statement
Taylor Wimpey PLCTrading Statement
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Whitbread PLCTrading Statement
XP Power LtdTrading Statement
  
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20 Dec 2023 17:11

LONDON MARKET CLOSE: Stocks in festive mood after inflation surprise

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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.

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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.

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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:

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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.

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14 Dec 2023 16:58

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(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.

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8 Dec 2023 09:39

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7 Dec 2023 12:06

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(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.

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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.

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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.

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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.

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15 Nov 2023 12:08

LONDON MARKET MIDDAY: UK inflation slowdown lifts retail and property

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

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