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 midday: Housebuilders fall as inflation data sparks rate-hike concerns

Tue, 15th Jul 2014 12:03

- UK inflation jumps to 1.9% in June- Carney highlights housing concerns- German ZEW survey disappoints- Yellen, US data in focus later ontechMARK 2,781.35 -0.46%FTSE 100 6,722.11 -0.36%FTSE 250 15,478.79 -0.64%Rate-hike speculation in the UK and disappointing economic data from Germany saw London stocks slip into the red by lunchtime on Tuesday.A good performance by mining heavyweights was being outweighed by weakness among housebuilders, with investors concerned about how future policy tightening will affect the demand for mortgages.The FTSE 100 was trading 0.4% lower at 6,722 by around midday, having erased gains after hitting a high of 6,764 early on.Stocks wobbled mid-morning after it was revealed that UK consumer-price inflation had jumped to an annual rate of 1.9% in June, up from 1.5% in May and just below the Bank of England's (BoE) target of 2%. Analysts had expected a small acceleration to 1.6%.Economist David Tinsley from BNP Paribas said: "Overall, some of this upward surprise may be the usual noise from timing and seasonal issues. But it's hard not to conclude that this looks like a good old fashioned UK inflation shock. If it persists in coming months it can only intensify the debate on the Monetary Policy Committee."Meanwhile, BoE Governor Mark Carney appeared before lawmakers this morning to discuss last month's half-yearly Financial Stability report as he highlighted concerns with the UK housing market.However, on the subject of rate hikes, he said the rate cycle "will be driven by the data [...]. We were concerned that markets were not reacting to data, a fairly long run of data, that was as good as expected, if not slightly better".The ZEW agency in Germany said its index of investor and analyst expectations, which aims to predict economic developments six months ahead, declined to 27.1 in July from 29.8 in June. Economists had predicted a drop to 28.2. "July's fall in German ZEW investor sentiment added to signs of a slowdown in the euro-zone's largest and strongest economy," Capital Economics said.Later on, Janet Yellen will be in focus as the Federal Reserve chief gives her semi-annual testimony to the Senate Committee. US retail sales and the Empire State manufacturing index will also be closely watched by markets.Miners gain, housebuilders fallA small rise in the prices of gold and silver helped precious metal miners Fresnillo, African Barrick Gold and Randgold to rise this morning. Gold prices were recovering after their biggest decline this year on Monday as the demand for safe-haven assets dropped on the back of renewed appetite for equities.Other miners such as BHP Billiton, Anglo American and Rio Tinto were also making gains.Housing and construction stocks dropped into negative territory as investors reacted to a surprise jump in inflation and comments from Carney. Barratt Developments, Persimmon, Taylor Wimpey, Redrow and Bovis Homes were all out of favour, along with estate agent chains Foxtons and Countrywide.Strong customer growth in the first quarter at Telecom Plus led to increasing confidence that the utility supplier will hit full-year profits expectations of 50% growth. Shares in the FTSE 250 company surged after it said it expected to gain increasing customers in the coming months due to regulatory changes in the energy industry.FTSE 100 - RisersFresnillo (FRES) 937.00p +1.90%Anglo American (AAL) 1,519.50p +1.20%BHP Billiton (BLT) 2,016.00p +1.15%Randgold Resources Ltd. (RRS) 5,135.00p +0.98%easyJet (EZJ) 1,256.00p +0.96%Severn Trent (SVT) 1,927.00p +0.94%Aberdeen Asset Management (ADN) 460.00p +0.92%Vodafone Group (VOD) 193.75p +0.86%Royal Mail (RMG) 487.10p +0.85%United Utilities Group (UU.) 883.00p +0.74%FTSE 100 - FallersBarratt Developments (BDEV) 357.20p -3.01%Hargreaves Lansdown (HL.) 1,123.00p -2.60%Sports Direct International (SPD) 705.00p -2.49%Wolseley (WOS) 3,161.00p -2.08%Schroders (SDR) 2,482.00p -2.01%Weir Group (WEIR) 2,638.00p -1.86%Persimmon (PSN) 1,226.00p -1.84%St James's Place (STJ) 750.00p -1.77%Aviva (AV.) 487.30p -1.58%Burberry Group (BRBY) 1,416.00p -1.53%FTSE 250 - RisersTelecom Plus (TEP) 1,328.00p +7.27%African Barrick Gold (ABG) 235.00p +3.71%Intermediate Capital Group (ICP) 389.30p +3.02%Domino's Pizza Group (DOM) 532.50p +2.90%Exova Group (EXO) 246.50p +2.71%Michael Page International (MPI) 439.50p +2.71%Daejan Holdings (DJAN) 4,873.00p +2.55%COLT Group SA (COLT) 135.00p +2.04%Grainger (GRI) 219.80p +2.04%Balfour Beatty (BBY) 226.10p +1.53%FTSE 250 - FallersFenner (FENR) 344.10p -3.61%Taylor Wimpey (TW.) 109.20p -3.45%Redrow (RDW) 243.10p -3.34%Pets at Home Group (PETS) 178.20p -3.15%Vesuvius (VSVS) 439.80p -2.66%Pace (PIC) 345.40p -2.57%Bovis Homes Group (BVS) 753.50p -2.52%Unite Group (UTG) 407.70p -2.46%Go-Ahead Group (GOG) 2,262.00p -2.25%Aveva Group (AVV) 1,996.00p -2.25%BC
More News
26 Feb 2024 08:46

LONDON MARKET OPEN: Stocks mixed; housebuilders fall on CMA probe

(Alliance News) - Stock prices in London saw a muted open on Monday, with housebuilders in focus amid an investigation into suspected anti-competitive behaviour.

Read more
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.

Read more
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.

Read more
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:

Read more
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
Indivior PLCFull Year Results
Jupiter Fund Management PLCFull Year Results
Lloyds Banking Group PLCFull Year Results
ME Group International PLCFull Year Results
Mondi PLCFull Year Results
Morgan Sindall Group PLCFull Year Results
Pantheon International PLCHalf Year Results
Rolls-Royce Holdings PLCFull Year Results
WPP PLCFull Year Results
Friday 23 February 
City of London Investment Group PLCHalf Year Results
Irish Residential Properties REIT PLCFull Year Results
Standard Chartered PLCFull Year Results
Monday 26 February 
Base Resources LtdHalf Year Results
Bunzl PLCFull Year Results
EnSilica PLCHalf Year Results
Kosmos Energy LtdFull Year Results
Made Tech Group PLCHalf Year Results
Tristel PLCHalf Year Results
Tuesday 27 February 
abrdn Equity Income Trust PLCFull Year Results
abrdn PLCFull Year Results
Croda International PLCFull Year Results
Kitwave Group PLCFull Year Results
McBride PLCHalf Year Results
PCI-PAL PLCHalf Year Results
Smith & Nephew PLCFull Year Results
Synectics PLCFull Year Results
Uniphar PLCFull Year Results
Unite Group PLCFull Year Results
Wednesday 28 February 
AB Dynamics PLCTrading Statement
ASA International Group PLCTrading Statement
Aston Martin Lagonda Global Holdings PLCFull Year Results
Avingtrans PLCHalf Year Results
Bluefield Solar Income Fund LtdHalf Year Results
Derwent London PLCFull Year Results
Glenveagh Properties PLCFull Year Results
Grit Real Estate Income Group LtdHalf Year Results
Hutchmed China LtdFull Year Results
International Personal Finance PLCFull Year Results
Just Eat Takeaway.com NVFull Year Results
Primary Health Properties PLCFull Year Results
Reckitt Benckiser Group PLCFull Year Results
Renewables Infrastructure Group LtdFull Year Results
RHI Magnesita NVFull Year Results
St James's Place PLCFull Year Results
Taylor Wimpey 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
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.

Read more
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

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

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.