The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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: 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 -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

LONDON MARKET MIDDAY: Stocks up as UK housebuilders and retailers rise

Wed, 21st Dec 2022 12:13

(Alliance News) - Stocks in Europe were trading higher by midday on Wednesday, with retailers leading the way in London.

The FTSE 100 index was up 63.01 points, 0.9%, at 7,433.63. The FTSE 250 was up 173.01 points, 0.9%, at 18,717.77, and the AIM All-Share was up 2.41 points, 0.3%, at 824.15.

The Cboe UK 100 was up 0.9% at 743.65, the Cboe UK 250 was up 1.1% at 16,193.01, and the Cboe Small Companies was up 0.4% at 12,872.93.

In Paris, the CAC 40 stock index was up 1.0%, while the DAX 40 in Frankfurt was up 0.7%.

Sterling was quoted at USD1.2112, lower than USD1.2139. The euro traded at USD1.0616, edging down from USD1.0627. The dollar was quoted at JPY131.91, up versus JPY131.27.

Stocks in New York were called to open higher. The Dow Jones Industrial Average was called up 0.7%, the S&P 500 index up 0.5%, and the Nasdaq Composite up 0.3%.

There is a consumer confidence survey from the US at 1500 GMT.

In economic news, UK public sector borrowing ballooned in November, according to Office for National Statistics, due the government's energy support schemes and high inflation.

Public sector net borrowing excluding public sector banks jumped to GBP22.0 billion, which was GBP13.9 billion higher than November of 2021. Borrowing reached its highest level for November since monthly records began in 1993, ONS said.

"As the UK economy heads towards a recession, the public purse could suffer a slowdown in tax revenue as businesses and consumers decelerate, which could result in higher public sector borrowing. The chancellor tried to offset some of these pressures in the autumn statement with difficult fiscal choices including spending cuts and tax increases," said interactive investor's Victoria Scholar.

Gold was quoted at USD1,812.45 an ounce midday Wednesday, lower than USD1,814.62 on Tuesday.

In the FTSE 100, JD Sports was the top performer, up 6.0%, in a positive read-across from athleisure goods maker Nike. The US listing was up 12% in the New York pre-market on Wednesday, after late Tuesday reporting strong revenue growth. Nike peer adidas was up 6.9% in Frankfurt.

In other retailing news, there was unexpected rebound in UK sales over the year to December but positivity could be "short-lived" amid continued pressure on budgets, according to new figures.

The Confederation for British Industry's latest monthly survey showed an improvement in sales in the run-up to Christmas. The CBI's headline retail sales balance was positive 9% in December, compared with the same month last year. This was a rebound from a 19% fall in November and came despite predictions of lower sales for the month.

On the London Stock Exchange, Frasers was up 2.7%, and Next added 2.4%.

BP and Shell were up 1.9% and 1.7%, respectively, despite little progress in oil prices. Brent oil fetched at USD80.69 a barrel at midday in London, edging up from USD79.88 late Tuesday.

At the other end of the index, Bunzl lost 1.0%, despite guiding for strong growth in 2022.

Revenue is set to grow 17% year-on-year, or by 10% at constant currency. This is due to "inflation driving underlying revenue growth and the impact of acquisitions further supplementing growth", the distribution services firm said.

Bunzl said its operating margin is expected to be slightly ahead of prior guidance, and will be in line with 2021.

Looking ahead to 2023, Bunzl expects revenue to grow slightly, with adjusted operating profit to be "resilient". Adjusted earnings per share are expected to be "moderately" lower from 2022, however.

"Shares in Bunzl have proven to be relatively resilient to the equity market volatility, inflationary pressures and global supply chain bottlenecks with the stock down a modest 2% year-to-date. Bunzl has offset some of these pressures through higher prices as a vendor of essential items that are hard to cut back on during an economic downturn. It has also been pursuing inorganic growth with a series of acquisitions to supplement growth," noted ii's Scholar.

Housebuilders were higher in midday trade. Persimmon was up 1.6%. Barratt was up 1.5%, and Taylor Wimpey added 1.4%.

This comes as HMRC figures show that UK house sales remained slightly higher than pre-pandemic levels in November. Across the UK, an estimated 107,190 house sales took place in November, which was 13% higher than November 2021.

"Transaction numbers are holding up, particularly as we would expect things to start to slow down as we approach Christmas," commented Mark Harris, chief executive of mortgage broker SPF Private Clients.

"Buyers with good mortgage offers are keen to complete before they expire, while others have to move for whatever reason, even if the market is more difficult than it has been."

On AIM, Thor Mining added 5.8%, after initial drilling results showed high uranium prospectivity at two 100% owned projects in Colorado.

The London-based Australia and US-focused exploration and development company said its recently completed drilling programme confirmed high uranium prospective at both the Wedding Bell and Radium Mountain projects.

The company said drilling results showed 2.1 metres at 0.036% triuranium octoxide at the Groundhog prospect, including 0.3 metres at 0.14% triuranium octoxide.

By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2022 Alliance News Ltd. All Rights Reserved.

More News
3 May 2024 13:37

UK dividends calendar - next 7 days

Monday 6 May 
no events scheduled 
Tuesday 7 May 
Begbies Traynor Group PLCdividend payment date
Ferguson PLCdividend payment date
Manchester & London Investment Trust PLCdividend payment date
Mobius Investment Trust PLCdividend payment date
Nexus Infrastructure PLCdividend payment date
Pebble Group PLCdividend payment date
Pinewood Technologies Group PLCspecial dividend payment date
Thungela Resources Ltddividend payment date
Volution Group PLCdividend payment date
Wednesday 8 May 
Melrose Industries PLCdividend payment date
Personal Group Holdings PLCdividend payment date
Thursday 9 May 
Admiral Group PLCex-dividend payment date
AG Barr PLCex-dividend payment date
Aurora Investment Trust PLCex-dividend payment date
Balanced Commercial Property Trust Ltdex-dividend payment date
Bank of Ireland Group PLCex-dividend payment date
Bellevue Healthcare Trust PLCex-dividend payment date
Braime Group PLCex-dividend payment date
Centaur Media PLCex-dividend payment date
Chenavari Toro Income Fund Ltdex-dividend payment date
Clarkson PLCex-dividend payment date
Coca-Cola Europacific Partners PLCex-dividend payment date
Custodian Property Income REIT PLCex-dividend payment date
CVC Income & Growth Ltd EUROex-dividend payment date
CVC Income & Growth Ltd GBPex-dividend payment date
Domino's Pizza Group PLCdividend payment date
Epwin Group PLCex-dividend payment date
F&C Investment Trust PLCdividend payment date
Fidelity Special Values PLCex-dividend payment date
Focusrite PLCex-dividend payment date
Grafton Group PLCdividend payment date
Gresham Technologies PLCex-dividend payment date
Headlam Group PLCex-dividend payment date
Henderson International Income Trust PLCex-dividend payment date
HSBC Holdings PLCex-dividend payment date
Ibstock PLCex-dividend payment date
Invesco Perpetual UK Smaller Cos Investment Trust PLCex-dividend payment date
JPMorgan Global Core Real Assets Ltdex-dividend payment date
Lancashire Holdings Ltdex-dividend payment date
LSL Property Services PLCex-dividend payment date
M&C Saatchi PLCex-dividend payment date
M&G PLCdividend payment date
Macfarlane Group PLCex-dividend payment date
Marwyn Value Investors Ltdex-dividend payment date
Midwich Group PLCex-dividend payment date
Montanaro UK Smaller Cos Investments Trust PLCdividend payment date
Octopus Titan VCT PLCex-dividend payment date
One Media iP Group PLCex-dividend payment date
Petershill Partners PLCex-dividend payment date
Picton Property Income Ltdex-dividend payment date
PRS REIT PLCex-dividend payment date
Reach PLCex-dividend payment date
Sherborne Investors Guernsey C Ltdex-dividend payment date
Sthree PLCex-dividend payment date
Sylvania Platinum Ltdex-dividend payment date
Taylor Maritime Investments Ltdex-dividend payment date
Tracsis PLCex-dividend payment date
Travis Perkins PLCdividend payment date
UIL Ltdex-dividend payment date
Friday 10 May 
AIB Group PLCdividend payment date
Alpha Group International PLCdividend payment date
Antofagasta PLCdividend payment date
Hammerson PLCdividend payment date
Hunting PLCdividend payment date
International Personal Finance PLCdividend payment date
Invesco Select Trust Global Equity Income PLCdividend payment date
Invesco Select Trust UK Equity PLCdividend payment date
Johnson Service Group PLCdividend payment date
Kerry Group PLCdividend payment date
Moneysupermarket.com Group PLCdividend payment date
Schroder Asian Total Return Inv Co PLCdividend payment date
Schroder European Real Estate Investments Trust PLCdividend payment date
Schroder Oriental Income Fund Ltddividend payment date
Serco Group PLCdividend payment date
Smurfit Kappa Group PLCdividend payment date
Somero Enterprises Incspecial dividend payment date
Taylor Wimpey PLCdividend payment date
Tufton Oceanic Assets Ltddividend payment date
VPC Specialty Lending Investments PLCdividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
25 Apr 2024 08:16

UK's Persimmon confident for 2024, retains annual build target

Forward sales 1.75 bln stg vs 1.69 bln stg a year ago

*

Read more
23 Apr 2024 09:10

Taylor Wimpey reiterates annual guidance after Spring selling season

(Alliance News) - Taylor Wimpey PLC on Tuesday said the Spring selling season is progressing as expected, allowing it to confirm its guidance for 2024.

Read more
23 Apr 2024 07:43

LONDON BRIEFING: AB Foods lifts outlook as interim profit soars

(Alliance News) - Stocks in London are set to open up and add to Monday's gains, ahead of a slew of economic data.

Read more
23 Apr 2024 07:31

Taylor Wimpey hails 'good start' to 2024 as market stabilises

(Sharecast News) - UK housebuilder Taylor Wimpey said it has made a solid start to the year with the market continuing to stabilise, with good levels of visitors to selling sites.

Read more
16 Apr 2024 13:45

UK earnings, trading statements calendar - next 7 days

Wednesday 17 April 
Antofagasta PLCTrading Statement
Brooks Macdonald Group PLCTrading Statement
Entain PLCTrading Statement
Hays PLCTrading Statement
Inspecs Group PLCFull Year Results
Liontrust Asset Management PLCTrading Statement
M Winkworth PLCFull Year Results
Menhaden Resource Efficiency PLCFull Year Results
Rio Tinto PLCTrading Statement
Saga PLCFull Year Results
Thursday 18 April 
AJ Bell PLCTrading Statement
BHP Group LtdTrading Statement
Devolver Digital IncFull Year Results
Dunelm Group PLCTrading Statement
easyJet PLCTrading Statement
Foxtons Group PLCTrading Statement
HydrogenOne Capital Growth PLCFull Year Results
Keystone Law Group PLCFull Year Results
LBG Media PLCFull Year Results
Pod Point Group Holdings PLCFull Year Results
Rentokil Initial PLCTrading Statement
Segro PLCTrading Statement
Friday 19 April 
888 Holdings PLCTrading Statement
Man Group PLCTrading Statement
Monday 22 April 
Brave Bison Group PLCFull Year Results
Elixirr International PLCFull Year Results
Frenkel Topping Group PLCFull Year Results
South32 LtdQ3 Results
Ten Lifestyle Group PLCHalf Year Results
Tuesday 23 April 
Alliance Pharma PLCFull Year Results
Alphawave IP Group PLCFull Year Results
Anglo American PLCTrading Statement
ASA International Group PLCFull Year Results
Associated British Foods PLCHalf Year Results
Eleco PLCFull Year Results
GB Group PLCTrading Statement
Jupiter Fund Management PLCTrading Statement
Maintel Holdings PLCFull Year Results
Property Franchise Group PLCFull Year Results
Taylor Wimpey PLCTrading Statement
tinyBuild IncFull Year Results
Trellus Health PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
16 Apr 2024 13:43

UK shareholder meetings calendar - next 7 days

Wednesday 17 April 
Blue Star Capital PLCAGM
Hunting PLCAGM
Thursday 18 April 
Aquis Exchange PLCAGM
FW Thorpe PLCGM re executive share ownership plan
Harmony Energy Income Trust PLCAGM
Polar Capital Global Financials Trust PLCAGM
Segro PLCAGM
Team Internet Group PLCAGM
Friday 19 April 
Murray International Trust PLCAGM
Quantum Exponential Group PLCGM re delisting or potential investment in company
Monday 22 April 
Renalytix PLCGM
Travis Perkins PLCAGM
Tuesday 23 April 
AIQ LtdAGM
NatWest Group PLCAGM
Taylor Wimpey PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
12 Apr 2024 14:45

London close: Stocks mixed as data shows UK GDP growth

(Sharecast News) - London's markets closed with a mixed performance on Friday, as investors digested the latest GDP data suggesting an end to the recession in the UK.

Read more
12 Apr 2024 11:51

LONDON MARKET MIDDAY: February data spurs end of UK recession hopes

(Alliance News) - Stocks in London got a boost on Monday at midday, as investors were optimistic that the UK is heading out of its short lived recession.

Read more
12 Apr 2024 09:55

LONDON BROKER RATINGS: JPMorgan raises Taylor Wimpey, Persimmon

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

Read more
12 Apr 2024 09:11

RBC Capital upgrades Taylor Wimpey, downgrades Berkeley

(Sharecast News) - RBC Capital Markets upgraded Taylor Wimpey on Friday but downgraded Berkeley as it took a look at the two UK housebuilders.

Read more
12 Apr 2024 08:58

LONDON MARKET OPEN: Stocks get boost thanks to growth in UK economy

(Alliance News) - Stock prices in London opened higher on Friday, thanks to new data suggesting the UK economy is out of recession.

Read more
12 Apr 2024 07:43

LONDON BRIEFING: UK economy grows again in February

(Alliance News) - Stocks in London are called to open higher on Friday, as investors digest the fall out of a busy week of interest rate decisions, as well as economic data.

Read more
2 Apr 2024 16:57

LONDON MARKET CLOSE: Europe down after Easter holiday weekend

(Alliance News) - The FTSE 100 took a hit on Tuesday, after a boost from London's miners and oil firms were not enough to lift the index.

Read more
2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

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.