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: 148.30
Bid: 148.40
Ask: 148.50
Change: -1.30 (-0.87%)
Spread: 0.10 (0.067%)
Open: 150.10
High: 150.10
Low: 146.50
Prev. Close: 149.60
TW. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

LONDON MARKET MIDDAY: Ocado Decline, Barratt Rise Leaves FTSE Unmoved

Wed, 06th Feb 2019 11:55

LONDON (Alliance News) - The FTSE 100 overcame early losses to read flat at midday as London's blue-chip index stalled following two consecutive sessions of gains. Ocado was dragging on the index of large-caps after the online grocer reported extensive fire damage to its automated distribution warehouse in Hampshire, while housebuilder Barratt Developments rose to the top after posting strong half-year figures.The FTSE 100 was just 2.43 points higher at 7,179.80 at midday. The FTSE 250 was up 78.54 points, or 0.4%, at 19,074.56, and the AIM All-Share was down 0.1% at 924.06.The Cboe UK 100 was up 0.1% at 12,193.30, while the Cboe UK 250 was up 0.6% at 17,023.68 and the Cboe UK Small Companies flat at 11,232.78.In mainland Europe, the CAC 40 in Paris and the DAX 30 in Frankfurt were down 0.2% and 0.5% respectively at midday.In Germany, factory orders unexpectedly decreased for a second straight month in December and at a faster pace, suggesting that a slowdown in the manufacturing continued and the sector likely had a sluggish start to this year.Manufacturing orders decreased a calendar and seasonally adjusted 1.6% from the previous month, preliminary data from the Federal Statistical Office showed on Wednesday, while they were forecast to rise 0.3%. The latest fall was the most since June, when orders shrunk 3.6%.The eurozone's construction sector got off to a weak start to the year with activity just about remaining in expansion territory, survey data from IHS Markit showed. The Purchasing Managers' Index came in at 50.6 in January, down from 53.1 in December. This was the slowest rise in construction activity for six months.Still to come in the economic calendar on Wednesday is the US trade balance at 1330 GMT, with nonfarm productivity due at the same time. Stocks in New York are pointed to a lower start with the Dow Jones and S&P 500 both seen down 0.2% while the Nasdaq is called 0.1% lower. Before Wall Street opens are results from Cadillac maker General Motors and media firm 21st Century Fox.Weighing on the FTSE 100 at midday was online grocer Ocado, down 7.5% after reporting its warehouse in Andover has been "substantially" damaged after a fire continued to burn overnight. On Tuesday afternoon, Ocado said a fire had broken out at the customer fulfilment centre, damaging some equipment. However, the grocer has now said the fire "was not contained as we believed", and expanded overnight. The fire is now under control, Ocado said, but part of the building's roof has now collapsed and there has been significant damage to "the majority" of the building. The Andover warehouse began operations in late 2016.Stockbroker Peel Hunt cut its rating on the stock to Hold from Buy following the news. "For the time being, we downgrade to a Hold, target price 1,000p, until we get a better idea of the outcome. However, our core thesis on licencing the technology to food retailers around the world has not changed," Peel Hunt commented. Also lower on Wednesday was British Gas parent Centrica, down 3.2% after RBC Capital Markets double-downgraded the stock to Underperform from Outperform. Balancing out these losses was Barratt Developments, up 3.6%, after the housebuilder posted strong half-year profit growth amid significant margin improvement."For all the fears around Brexit hurting the housing market, housebuilders continue to churn out the profits and dish out generous cash rewards for shareholders. Barratt Developments, in particular, has produced a set of half-year results that most companies would die for," said Russ Mould, investment director at AJ Bell.Pretax profit for the six months to the end of December 31 rose by 19% to GBP408.0 million from GBP342.7 million the prior year, while revenue grew by 7.2% to GBP2.13 billion from GBP1.99 billion.Barratt's gross margin improved to 22.6% in the first half from 20.6% a year ago, while the operating margin strengthened to 19.2% from 17.9%.The housebuilder further extended its capital return plan, with the intention to make two GBP175 million special returns to shareholders for the 2019 and 2020 financial years.The update from Barratt boosted fellow housebuilders in a positive read-across, with Berkeley Group up 1.5%, Persimmon 1.4% and Taylor Wimpy 0.9%.Helping the mid-cap FTSE 250 outperform on Wednesday was lender CYBG, up 15% as it narrowed its net interest margin guidance. For its year ending September, the bank expects its net interest margin to be between 165 and 170 basis points. This would be down year-on-year, as expected, due to pricing pressure in the UK mortgage sphere, but towards the top end of prior guidance.CYBG's first quarter lending grew 1.4% year-on-year to GBP71.9 billion. Mortgage growth was 1.5% to GBP60.0 billion and small and medium enterprise lending was up 1.2% to GBP7.6 billion. Engineering firm Electrocomponents also was a riser, up 5.9% after saying it is making good progress on its improvement plan, as revenue grew in the four months to the end of January.The FTSE 250-listed firm registered like-for-like revenue growth of 6% on the prior year for the period. Looking ahead, the company continues to expect a stable gross margin in its base business, which excludes acquisitions, for the full year to the end of March.Retirement financial services firm Just Group was up 3.2% after reporting an "excellent" year despite some challenges. Retirement income sales for 2018 increased 15% on 2017, to GBP2.17 billion, driven by "the continued growth in defined benefit de-risking sales".Just Group's defined benefit sales climbed 32% to GBP1.31 billion in a strong market. Just Group said it could be more selective towards the end of the year after record volumes earlier on, and it expects 2019 to be another strong year in this sphere.Chief Executive Rodney Cook commented: "I am pleased to report on an excellent year for Just. Despite the challenges we faced we have achieved another year of double-digit sales growth and helped more customers than ever."

More News
13 Jun 2023 12:11

LONDON MARKET MIDDAY: Shares fall back ahead of key US inflation data

(Alliance News) - London's large-cap and mid-cap indices had slipped into the red by midday on Tuesday, having started the day positively, as a risk-off mood crept into markets ahead of the release of key US inflation data at 1330 BST.

Read more
12 Jun 2023 12:22

UBS ups ratings on Crest Nicholson, Persimmon and Vistry

(Sharecast News) - UBS has upgraded Crest Nicholson, Persimmon and Vistry Group in its latest review of UK housebuilders.

Read more
7 Jun 2023 12:18

LONDON MARKET MIDDAY: Cautious trade as focus turns to rate decisions

(Alliance News) - Stock prices in London were mostly lower at midday on Wednesday, though large-cap indices eked out a gain, as investors looked ahead to a busy two weeks for central bank rate decisions.

Read more
7 Jun 2023 09:10

LONDON MARKET OPEN: Stocks head lower amid global growth fears

(Alliance News) - Stock prices in London opened in the red on Wednesday, as concerns about interest rate hikes and a global economic slowdown damped risk appetite.

Read more
1 Jun 2023 11:57

LONDON MARKET MIDDAY: FTSE 100 up despite pressure on housing market

(Alliance News) - Stock prices in London were slightly higher at midday Thursday, as investors felt the relief that a US default has been averted.

Read more
1 Jun 2023 09:26

LONDON MARKET OPEN: US debt deal progress gives lift; Dr Martens down

(Alliance News) - Stock prices in London opened higher on Thursday, after the US House of Representatives approved a package of measures to raise the government debt ceiling and make budget cuts.

Read more
26 May 2023 09:41

LONDON BROKER RATINGS: RBC cuts Halfords; Berenberg likes Sabre

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

Read more
24 May 2023 17:07

Sector movers: Homebuilders pace losses after core CPI surprise

(Sharecast News) - Homebuilders were at the bottom of the pile on Wednesday following the release of data showing an unexpected acceleration in core consumer prices.

Read more
24 May 2023 16:57

LONDON MARKET CLOSE: Stocks sold off amid US debt limit angst

(Alliance News) - US debt ceiling concerns battered European equities on Wednesday, leading to broad-based stock price declines, as investors fret over what a default would mean for global markets.

Read more
24 May 2023 12:14

LONDON MARKET MIDDAY: US debt deadlock, robust UK inflation hit stocks

(Alliance News) - Stock prices in London were lower at midday on Wednesday, as the deadline to come to a US debt ceiling agreement creeps closer, leaving investors fearing for the worst.

Read more
24 May 2023 09:14

LONDON MARKET OPEN: Stocks down amid hotter-than-expected UK inflation

(Alliance News) - Stock prices in London opened lower on Wednesday, as a new UK inflation reading came in hotter-than-expected.

Read more
12 May 2023 09:37

LONDON BROKER RATINGS: RBC lifts Barclays; Jefferies cuts Diageo

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

Read more
9 May 2023 12:14

LONDON MARKET MIDDAY: Civitas Social Housing jumps on takeover offer

(Alliance News) - Stock prices in London were lower at midday on Tuesday, as investors look ahead to a UK interest rate decision on Thursday and talks to avert a US government debt debacle.

Read more
5 May 2023 15:58

UK dividends calendar - next 7 days

Monday 8 May 
no events scheduled 
Tuesday 9 May 
Alfa Financial Software Holdings PLCdividend payment date
Lookers PLCex-dividend payment date
Rathbones Group PLCdividend payment date
Wednesday 10 May 
Phoenix Group Holdings PLCdividend payment date
Spirent Communications PLCdividend payment date
Thursday 11 May 
abrdn Latin American Income Fund Ltdex-dividend payment date
abrdn Property Income Trust Ltdex-dividend payment date
AG Barr PLCex-dividend payment date
Alternative Income REIT PLCdividend payment date
Blackrock Smaller Companies Trust PLCex-dividend payment date
BP PLCex-dividend payment date
Centaur Media PLCex-dividend payment date
Clarkson PLCex-dividend payment date
Coca-Cola Europacific Partners PLCex-dividend payment date
Custodian Property Income REIT PLCex-dividend payment date
Domino's Pizza Group PLCdividend payment date
Emis Group PLCex-dividend payment date
EP Global Opportunities Trust PLCex-dividend payment date
F&C Investment Trust PLCdividend payment date
Fidelity Special Values PLCex-dividend payment date
Focusrite PLCex-dividend payment date
GCP Asset Backed Income Fund Ltdex-dividend payment date
Greencoat Renewables PLCex-dividend payment date
Greencoat UK Wind PLCex-dividend payment date
Gresham House PLCex-dividend payment date
Headlam Group PLCex-dividend payment date
Henderson International Income Trust PLCex-dividend payment date
Home REIT PLCex-dividend payment date
HSBC Holdings PLCex-dividend payment date
Inchcape PLCex-dividend payment date
Invesco Perpetual UK Smaller Companies Investment Trust PLCex-dividend payment date
James Halstead PLCex-dividend payment date
JPMorgan Claverhouse Investment Trust PLCex-dividend payment date
Macfarlane Group PLCex-dividend payment date
Mercantile Investment Trust PLCdividend payment date
MoneySupermarket.com PLCdividend payment date
Montanaro UK Smaller Cos Investment Trust PLCdividend payment date
Petershill Partners PLCex-dividend payment date
Reach PLCex-dividend payment date
Schroder Asian Total Return Investment Co PLCdividend payment date
SCS Group PLCdividend payment date
Serco Group PLCex-dividend payment date
Sportech PLCex-dividend payment date
Standard Chartered PLCdividend payment date
SThree PLCex-dividend payment date
Target Healthcare REIT PLCex-dividend payment date
Taylor Maritime Investments Ltdex-dividend payment date
Tesco PLCex-dividend payment date
Tritax Big Box REIT PLCex-dividend payment date
UK Commercial Property REIT Ltdex-dividend payment date
Friday 12 May 
Antofagasta PLCdividend payment date
Carr's Group PLCdividend payment date
Franchise Brands PLCdividend payment date
Hunting PLCdividend payment date
Ibstock PLCdividend payment date
IMI PLCdividend payment date
Johnson Service Group PLCdividend payment date
Me Group International PLCdividend payment date
Mondi PLCdividend payment date
Taylor Wimpey PLCdividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
5 May 2023 09:30

UK construction output rises in April, house-building drag intensifies -PMI

LONDON, May 5 (Reuters) - Activity in Britain's construction sector increased in April but growth was lopsided, with residential house-building suffering its steepest decline since May 2020, weighed down by weaker demand and higher mortgage rates, a survey showed on Friday.

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.