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Pin to quick picksTaylor Wimpey Share News (TW.)

Share Price Information for Taylor Wimpey (TW.)

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Share Price: 151.30
Bid: 151.25
Ask: 151.35
Change: 1.50 (1.00%)
Spread: 0.10 (0.066%)
Open: 151.65
High: 153.00
Low: 149.90
Prev. Close: 149.80
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Peel Hunt downgrades housebuilders on Brexit uncertainty

Mon, 10th Dec 2018 15:26

(Sharecast News) - Housebuilders were under the cosh on Monday as Peel Hunt cut its stance on several names in the sector, with Brexit uncertainty a concern.The brokerage cut Barratt Developments and Berkeley to 'add' from 'buy' and Crest Nicholson to 'reduce' from 'hold'. It also downgraded Taylor Wimpey to 'hold' from 'add'.Barratt's target price was cut to 510p from 680p, while Berkeley's was reduced to 3,790p from 4,870p. Crest Nicholson's price target fell to 305p from 330p and Taylor Wimpey's was bumped down to 140p from 220p.In the note, which was written before news broke that this week's Brexit vote would be postponed, Peel Hunt said the longer-term prognosis for the sector was "favourable" whether the Brexit deal passes through parliament or not."However, the shot-term outlook for UK housebuilders clearly remains volatile, mainly due to the economic uncertainty caused by the Brexit process," it said.The brokerage cut its house price inflation forecast for CY19-20 to zero from around 2% previously. It also chopped 2-3% off its volume assumptions.Overall, Peel now forecasts an aggregated revenue compound annual growth rate of 2% over the next two years versus 4.3% previously and an operating margin decline of 110 basis points to 18.4%, versus a previous forecast for it to be flat between CY18 and CY20.At 1520 GMT, Barratt shares were down 3.9% to 445p, Berkeley was off 0.9% at 3,325p, Crest Nicholson was down 6.6% at 315.40p and Taylor Wimpey was down 2.7% to 130.40p.Peel said in the note that Crest Nicholson remained one of the most exposed in the sector to volume and/or price pressure."We forecast revenue declines of 8-10% over the next two years, and with ongoing build cost pressures our numbers point to an operating margin decline of 250bps to circa 13%," it said as it cut its pre-tax profit forecasts by 22% and 29% for FY19 and FY20, putting it around 30% below consensus.
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2 Mar 2023 09:16

TOP NEWS: Taylor Wimpey profit jumps; expects house completions fall

(Alliance News) - Housebuilder Taylor Wimpey on Thursday said 2022 was a year of "distinct halves", as it expects to complete up to 36% fewer houses in 2023 than in 2022.

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2 Mar 2023 09:13

LONDON MARKET OPEN: CRH shares jump as it plans US primary listing

(Alliance News) - Stock prices in London were lower early Thursday, with the FTSE 100 index being spared from a steeper fall thanks to a jump in CRH shares and a weaker pound.

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2 Mar 2023 07:57

LONDON BRIEFING: Taylor Wimpey expects house completions to drop

(Alliance News) - Stocks were called to open flat in London, with market attention on a raft of corporate earnings, as well as a eurozone inflation reading at 1000 GMT.

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2 Mar 2023 07:01

Taylor Wimpey flags weaker sales

(Sharecast News) - Taylor Wimpey warned on Thursday completions were likely to fall this year, the latest housebuilder to see higher mortgage rates and the cost-of-living crisis knock buyer confidence.

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1 Mar 2023 17:52

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1 Mar 2023 17:00

LONDON MARKET CLOSE: FTSE 100 in the green while sterling slumps

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1 Mar 2023 12:00

LONDON MARKET MIDDAY: FTSE 100 up despite housebuilders disappointing

(Alliance News) - The FTSE 100 in London were higher in London on Wednesday around midday, as mining stocks helped boost the index after some disappointing news for housebuilders.

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1 Mar 2023 09:07

LONDON MARKET OPEN: Miners lift FTSE 100 as housebuilders fall

(Alliance News) - Positive data on the factory sector in China lifted London-listed mining stocks at Wednesday's open, helping to offset a decline in housebuilders to keep the FTSE 100 positive.

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28 Feb 2023 13:33

Sales trend in focus as British housebuilders fight slowdown

Feb 28 (Reuters) - British housebuilders Persimmon and Taylor Wimpey publish full-year earnings this week with analysts seeking to establish whether a protracted sector downturn is on the cards.

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23 Feb 2023 15:54

UK earnings, trading statements calendar - next 7 days

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Tyman PLCFull Year Results
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Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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20 Feb 2023 16:52

LONDON MARKET CLOSE: Stocks marginally higher with eyes on Fed minutes

(Alliance News) - Stocks in London ended slightly higher on Monday, after a subdued day of trading in the absence of US markets, which were closed for a public holiday.

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13 Feb 2023 17:14

FTSE 100 climbs on boost from defence stocks, U.S. CPI data awaited

Defence stocks gain as India looks to boost defence spending

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13 Feb 2023 17:01

LONDON MARKET CLOSE: Stocks make headway ahead of US inflation reading

(Alliance News) - Stocks in Europe closed higher on Monday, starting the week on decent footing as a strong open in New York lifted the mood, though Tuesday's US inflation data may sour sentiment.

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LONDON MARKET MIDDAY: FTSE 100 edges back toward recent record high

(Alliance News) - Stock prices in London were mostly higher at midday on Monday, as markets looked ahead to a busy week for economic data out of the UK.

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