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Share Price Information for Taylor Wimpey (TW.)

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Share Price: 143.00
Bid: 142.70
Ask: 142.80
Change: -0.20 (-0.14%)
Spread: 0.10 (0.07%)
Open: 143.15
High: 143.45
Low: 140.80
Prev. Close: 143.20
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LONDON MARKET OPEN: Stocks Higher As Investors Await Brexit Vote

Tue, 15th Jan 2019 08:59

LONDON (Alliance News) - Stocks in London opened higher on Tuesday after China's latest economic stimulus measure provided investors with some relief.The main event of the day sees UK lawmakers voting on UK government's Brexit deal for leaving the European Union at Westminster.The FTSE 100 was up 28.38 points, or 0.4%, at 6,883.40, while the FTSE 250 was up 7.77 points at 18,425.35. The AIM All-Share was up 0.1% at 905.01.The Cboe UK 100 was up 0.8% at 11,726.42, while the Cboe UK 250 was 0.2% higher at 16,497.85 and the Cboe UK Small Companies down 0.1% at 11,152.46.In mainland Europe, the CAC 40 stock index in Paris was up 1.0%, while the DAX 30 in Frankfurt was 0.9% higher.The Japanese Nikkei 225 index closed up 1.0%, resuming trading after being closed on Monday. In China, the Shanghai Composite ended up 1.4%, while the Hang Seng index in Hong Kong closed up 2.0%.Markets in Asia were higher after Beijing said it would cut taxes "on a larger scale" to stabilize a slowing economy amid ongoing US-China trade war."The country's finance ministry announced it intends to cut VAT rates for certain industries, including manufacturers, while giving tax rebates to others. At the same time, the People's Bank of China claimed it would keep liquidity 'reasonably ample', a pincer attack of reassurances that, looking at the markets, seems, for now, to have worked," said Spreadex analyst Connor Campbell.On the London Stock Exchange, miners were among the blue chip risers following the latest China economic stimulus measures.Rio Tinto was up 1.9%, Anglo American up 1.7% Antofagasta, up 1.4% and Glencore up 1.3%. At the other end of the large cap index, Paddy Power Betfair was the worst performer, down 2.4%, adding to losses from Monday after the bookmaker was hit by a broker downgrade. The stock closed down 4.1% on Monday.Persimmon was down 1.0% despite the housebuilder stating that it expects annual profit to be modestly ahead of consensus. Persimmon expects total revenue for 2018 to come in at GBP3.74 billion, up from GBP3.60 billion a year ago.New housing revenue was predicted to rise by 4% to GBP3.55 billion from GBP3.24 billion, with the company's legal completions increasing by 406 new homes, or 3%, to 16,449 from 16.043. Average selling price per unit increased by 1% year-on-year to GBP215,560. Fellow housebuilders Taylor Wimpey, Barratt Developments and Berkeley Group were down 1.0%, 0.9% and 0.8%, respectively. "Unfortunately, the [housebuilding] sector is squarely in the firing line because of Brexit and the potential damage it could wreak on the UK economy. Quite apart from the possibility of the country spinning into an immediate economic downturn, any ongoing weakness in sterling could well lead to a further increase in the cost of materials. This comes in addition to a housing market which is slowly starting to come off the boil," said Interactive Investor's Richard Hunter. In the FTSE 250, Hays was the best performer, up 3.6% after the recruiter reported growth in net fees for the second quarter.For the quarter to December-end, net fees increased 8% on a headline basis and 9% on a like-for-like basis versus the prior year.At the other end of the midcap index, Provident Financial was the worst performer, down 19% after the doorstep lender said it expects 2018 profit to come in towards the lower end of market expectations, despite making "further good progress" in the last quarter.Currently, the market forecasts the lender's pretax profit to be between GBP151 million and GBP166 million. A year ago, the company reported a GBP123.0 million pretax loss.The group expects to report exceptional costs of GBP55 million in 2018 representing costs associated with the implementation of the home credit recovery plan, comprising intangible and tangible asset write offs, redundancy and consultancy costs, non-cash pension charges and others costs. The pound was flat, quoted at USD1.2885 against USD1.2890 at the London equities close Monday, ahead of the key vote in the House of Commons.UK Prime Minister Theresa May will make her final efforts Tuesday to persuade lawmakers to back the deal she has agreed for the UK to withdraw from the EU, as she faces widespread dissent from her own Conservatives and opposition parties.May has promised parliament a "meaningful vote" on the agreement, but she postponed it at the last minute in mid-December after admitting she faced a heavy defeat.Speculation has mounted over what could happen to the deal, to the Brexit process and to May's political career if, as seems likely, she loses the vote."The consensus view is that the agreement is likely to be rejected by the House of Commons, with some media sources reporting that the defeat could be in the order of two hundred votes. The government has indicated a willingness to make some further concessions to firm up support. Few observers seem to think that this will do anything more than reduce the scale of the loss. However, a relatively narrow defeat may still leave room for a slightly amended deal to pass on a second vote," analysts at Lloyds said. May conceded that the deal "is not perfect" and reflects compromise.Addressing lawmakers in Monday's debate, she rejected calls to delay the date of the UK leaving the EU, scheduled for March 29, to allow more time to build consensus or allow a second referendum."The number of members of parliament who vote against the Brexit deal is likely to be seen as an acid test of how hard it will be for Theresa May to get a revised deal through parliament on a second attempt. A number above 100 MPs would set an extremely high bar to get a modified version of the deal approved in the next 2 to 3 weeks," analysts at ING said.Should May lose the vote she is required to find an alternate solution and report back within three parliamentary sitting days.In the US on Monday, Wall Street ended lower, with the Dow Jones Industrial Average down 0.4%, S&P 500 down 0.5% and Nasdaq Composite down 0.9%.Ahead in the US earnings calendar on Tuesday, banks JPMorgan Chase and Wells Fargo report earnings before the market open in New York.

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(Sharecast News) - Housebuilder Taylor Wimpey is set to deliver profits towards the top of guidance for the full year but said that the market remains "uncertain" despite a recent reduction in mortgage rates.

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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.

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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.

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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:

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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.

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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.

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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

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.

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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:

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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.

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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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