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

Redburn downgrades Crest Nicholson after 'torrid' 2018

Thu, 24th Jan 2019 13:48

(Sharecast News) - Redburn cut its stance on Crest Nicholson to 'neutral' from 'buy' on Thursday as part of a broader note on UK housebuilders.It said that Crest, its only recommendation change, had a "torrid" 2018 operationally and there is no notable respite in sight, at least relative to the sector."The beginning of the group's FY19 (from the end of October) coincided with the escalation of UK political tension, and starting order-book support was limited. Sales outside of Help to Buy's price cap (£600,000+) are set to stay at up to 25% of revenues this year and will likely remain tough."In addition, we have updated our incentive tracker, looking at the group's website - this shows that 84% of the group's sites are actively advertising incentives, up from 57% in August and 31% in March."Redburn also said the jury is out on the quality of the group's recent land buying. "While we accept the price-point issue is a general top-down challenge, it does appear Crest has been faring less well than other similarly priced peers - notably Berkeley (outside London), Countryside and even Redrow," it said.While it's not a problem in its own right, the balance sheet is the least strong in the sector when you consider the combination of average debt and land creditor usage, it argued."Our buy Crest has been value-based and, barring a major downturn, it is hard to argue the shares are expensive. Indeed, we see fundamental upside of 28%. But we are held back by the risks and at the very least find it hard to see why investors should opt for Crest over mid-cap peers Bellway and Redrow, both of which offer more upside with less risk."Redburn said Persimmon remains its top pick thanks to its price point, margins and net cash. Meanwhile, it remains a buyer of Barratt, Bellway, Redrow and Taylor Wimpey, with Bovis and Berkeley remaining at 'neutral'.Redburn has a 455p price target on Crest.On the sector more broadly, Redburn was upbeat. "Popular commentary continues to paint the UK housing market as weak, but we view activity as remarkably resilient considering Brexit uncertainties. This reflects solid underlying fundamentals (employment, pent-up demand, policy, credit and supply), which look set to persist," it said.At 1245 GMT, Crest shares were down 1.9% to 348.60p.
More News
8 Mar 2023 07:59

LONDON BRIEFING: UK insurers report mixed results and change chairs

(Alliance News) - Stocks in London are set to open lower on Wednesday, as markets saw any prospect of a dovish pivot from the US Federal Reserve dashed on Tuesday after its chair said rates would likely remain high.

Read more
7 Mar 2023 08:56

LONDON MARKET OPEN: European markets subdued before Fed testimony

(Alliance News) - London's equities got off to a lukewarm start on Tuesday, as investor caution prevailed ahead of policy commentary by the head of the US central bank.

Read more
3 Mar 2023 15:47

UK homebuilder Vistry to cut hundreds of jobs - Bloomberg News

March 3 (Reuters) - Vistry Group plans to cut around 200 jobs, Bloomberg reported on Friday, months after the British housebuilder's 1.25 billion pounds ($1.50 billion) purchase of rival Countryside and at a time the UK property market battles a downturn.

Read more
2 Mar 2023 10:16

UK's Taylor Wimpey cuts jobs amid housing slowdown

Year-to-date sales rate till Feb. 26 at 0.62/outlet

*

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
1 Mar 2023 17:52

Commodity-linked stocks drive FTSE 100 higher on China demand hopes

Miners jump on higher commodity prices

*

Read more
1 Mar 2023 17:00

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

(Alliance News) - Stocks in London were broadly higher at the close on Wednesday, with the FTSE 100 lifted by a strong performance from mining stocks, which were boosted by positive data out of China.

Read more
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.

Read more
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.

Read more
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.

Read more
23 Feb 2023 15:54

UK earnings, trading statements calendar - next 7 days

Friday 24 February 
ASA International Group PLCTrading Statement
CVS Group PLCHalf Year Results
European Opportunities Trust PLCHalf Year Results
Grit Real Estate Income Group LtdHalf Year Results
Irish Residential Properties REIT PLCFull Year Results
International Consolidated Airlines Group SAFull Year Results
Jupiter Fund Management PLCFull Year Results
Monday 27 February 
Associated British Foods PLCTrading Statement
Beeks Financial Cloud Group PLCHalf Year Results
Bunzl PLCFull Year Results
Centralnic Group PLCFull Year Results
Dechra Pharmaceuticals PLCHalf Year Results
DX Group PLCHalf Year Results
GlobalData PLCFull Year Results
Greencoat Renewables PLCFull Year Results
Kosmos Energy LtdFull Year Results
Quartix Technologies PLCFull Year Results
RHI Magnesita NVFull Year Results
Senior PLCFull Year Results
Tuesday 28 February 
abrdn PLCFull Year Results
Benchmark Holdings PLCQ1 Results
Bluefield Solar Income Fund LtdHalf Year Results
boohoo Group PLCFull Year Results
Cap-XX LtdHalf Year Results
Croda International PLCFull Year Results
Dalata Hotel Group PLCFull Year Results
Derwent London PLCFull Year Results
Hutchmed (China) LtdFull Year Results
Intertek Group PLCFull Year Results
Kitwave Group PLCFull Year Results
Man Group PLCFull Year Results
McBride PLCHalf Year Results
Morgan Advanced Materials PLCFull Year Results
Ocado Group PLCFull Year Results
Princess Private Equity Holding LtdFull Year Results
Rotork PLCFull Year Results
Serco Group PLCFull Year Results
St James's Place PLCFull Year Results
S-Ventures PLCFull Year Results
Travis Perkins PLCFull Year Results
Uniphar PLCFull Year Results
Unite Group PLCFull Year Results
Videndum PLCFull Year Results
XP Power LtdFull Year Results
Wednesday 1 March 
Aston Martin Lagonda Global Holdings PLCFull Year Results
Capital & Counties Properties PLCFull Year Results
GetBusy PLCFull Year Results
Glenveagh Properties PLCFull Year Results
Global Invacom Group LtdFull Year Results
Haydale Graphene Industries PLCHalf Year Results
International Personal Finance PLCFull Year Results
Nichols PLCFull Year Results
Permanent TSB Group Holdings PLCFull Year Results
Persimmon PLCFull Year Results
Rathbones Group PLCFull Year Results
Reckitt Benckiser Group PLCFull Year Results
Ricardo PLCHalf Year Results
Weir Group PLCFull Year Results
Thursday 2 March 
Alfa Financial Software Holdings PLCFull Year Results
Apax Global Alpha LtdFull Year Results
Beazley PLCFull Year Results
Brooks Macdonald Group PLCHalf Year Results
Cairn Homes PLCFull Year Results
Capita PLCFull Year Results
Capital & Regional PLCFull Year Results
Coats Group PLCFull Year Results
CRH PLCFull Year Results
Flutter Entertainment PLCFull Year Results
Funding Circle Holdings PLCFull Year Results
Grafton Group PLCFull Year Results
Haleon PLCFull Year Results
Hunting PLCFull Year Results
ITV PLCFull Year Results
London Stock Exchange Group PLCFull Year Results
Melrose Industries PLCFull Year Results
Metro Bank PLCFull Year Results
National Express Group PLCFull Year Results
PPHE Hotel Group LtdFull Year Results
Schroder AsiaPacific Fund PLCFull Year Results
Schroders PLCFull Year Results
Spire Healthcare Group PLCFull Year Results
Taylor Wimpey PLCFull Year Results
Tritax Big Box REIT PLCFull Year Results
Tyman PLCFull Year Results
Vesuvius PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

Read more
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.

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.