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Pin to quick picksTaylor Wimpey Share News (TW.)

Share Price Information for Taylor Wimpey (TW.)

London Stock Exchange
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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 -

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Sector movers: Housebuilders, miners lead the fallers

Wed, 05th Mar 2014 14:52

Construction and housing stocks were hit by cautious comments from analysts on Wednesday, while miners were dampened by concerns over growth targets from top metals consumer China.Credit Suisse weighed on sentiment in the housebuilding sector today after downgrading its rating for the category from 'overweight' to 'market weight', telling investors that it is time to take profits."To be absolutely clear we are not calling the top of the UK housing cycle, rather we are calling the top of the equity story, as we believe current valuations already factor in substantial future growth in the next two years," said Research Analyst Harry Goad.Credit Suisse cut its recommendations for Barratt Developments, Bellway, Persimmon and Taylor Wimpey from 'outperform' to 'neutral', causing share prices to drop.Building materials firm CRH fell in sympathy, along with construction equipment rental group Ashtead.Investors in the mining sector, meanwhile, were underwhelmed by growth forecasts from the Chinese government, which expects the global powerhouse to grow by 7.5% this year."On face value China re-affirming a 7.5% growth target should be good news on recent form, but analysts have cast doubt over whether that is achievable given leadership goals of curbing credit and pollution concerns, and it looks like the much debated economic reform is trying to tick a few too many boxes," said Toby Morris, Senior Sales Trader at CMC Markets.Mining stocks such as Polymetal, Kazakhmys and Fresnillo were trading in the red. Heavyweights Rio Tinto and BHP Billiton were also providing a drag on the sector after going ex-dividend today.Shares in Strategic Natural Resources lost almost a fifth of their value after the AIM-listed natural resources developer admitted a creditor of 74%-owned Elitheni had begun legal proceedings to repossess rented containers. The group also revealed it continued to receive pressure from some of its own creditors as it sought to find a viable funding solution.Top performing sectors so far todayInsurance (non-life) 1,876.63 +1.75%Tobacco 37,783.50 +1.11%Automobiles & Parts 9,448.12 +0.32%Industrial Metals & Mining 893.47 +0.18%Food & Drug Retailers 4,355.79 +0.16%Bottom performing sectors so far todayConstruction & Materials 4,792.61 -2.46%Household Goods & Home Construction 11,771.59 -1.67%Mining 16,935.33 -1.64%Industrial Engineering 10,933.81 -1.48%Banks 4,594.94 -0.91%BC
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(Alliance News) - The FTSE 100 underperformed on Wednesday, although equities in New York pushed higher despite lingering US interest rate worries.

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7 Feb 2024 15:00

London close: Stocks slip as Barratt, Redrow announce merger

(Sharecast News) - London's stock markets finished in the red on Wednesday, as investors digested fresh house price data as well as news of a big merger in the housebuilding sector.

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7 Feb 2024 12:01

LONDON MARKET MIDDAY: Barratt and Smurfit Kappa bookend FTSE 100

(Alliance News) - Stock prices in London were lower at midday Wednesday, with Barratt Developments and Smurfit Kappa sitting either side of the FTSE 100 index.

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7 Feb 2024 08:43

LONDON MARKET OPEN: Barratt agrees GBP2.5 billion Redrow takeover

(Alliance News) - Stock prices in London opened lower on Wednesday, after housebuilder Barratt offered to buy FTSE 250 rival Redrow in a takeover deal, which values Redrow at GBP2.5 billion.

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6 Feb 2024 12:10

LONDON MARKET MIDDAY: BP tops FTSE 100 index on buyback promise

(Alliance News) - The FTSE 100 was higher at midday Tuesday, despite lingering unease in equity markets on US interest rate worries, while BP led the way among London's large-caps as it announced a buyback plan.

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31 Jan 2024 17:05

LONDON MARKET CLOSE: Stocks mixed hours before expected US Fed hold

(Alliance News) - Stock prices in London closed mixed on Wednesday in a trade-thinned day ahead of the US Federal Reserve interest rate decision this evening.

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31 Jan 2024 12:05

LONDON MARKET MIDDAY: FTSE 100 flat ahead of Federal Reserve decision

(Alliance News) - The FTSE 100 in London was flat heading into Wednesday afternoon, as the US Federal Reserve's latest interest rate decision edges closer, keeping equity market enthusiasm to a minimum.

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31 Jan 2024 08:55

LONDON MARKET OPEN: Stocks lack direction ahead of Fed, BoE

(Alliance News) - Stock prices in London lacked direction at the open on Wednesday, as investors nervously look ahead to interest rate decisions from the US Federal Reserve and Bank of England.

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30 Jan 2024 17:01

LONDON MARKET CLOSE: Stocks recover pre-US Fed call and tech earnings

(Alliance News) - Stock prices in London closed up on Tuesday, as investors shook off some pre-interest rate decision nerves and ahead of earnings from Microsoft and Google owner Alphabet this evening.

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30 Jan 2024 12:01

LONDON MARKET MIDDAY: Stocks surge before US tech earnings and Fed

(Alliance News) - Stock prices in London were higher at midday Tuesday, as investors shake off some pre-interest rate decision nerves, ahead of the Federal Reserve's first meeting of the year.

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30 Jan 2024 09:32

LONDON BROKER RATINGS: BoA cuts Barratt, Persimmon; ups Taylor Wimpey

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

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25 Jan 2024 09:10

LONDON BROKER RATINGS: JPMorgan raises Admiral Group to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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22 Jan 2024 09:10

LONDON BROKER RATINGS: Citi says 'buy' Segro; Barclays cuts Sage

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Tuesday:

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19 Jan 2024 12:04

LONDON MARKET MIDDAY: FTSE 100 edges up despite poor UK retail sales

(Alliance News) - The FTSE 100 edged higher on Friday at around midday, though the pound struggled after data showed that UK retail sales plunged in December.

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19 Jan 2024 09:46

Morgan Stanley double upgrades Persimmon to 'overweight'

(Sharecast News) - Morgan Stanley upgraded its stance on Persimmon on Friday as it took a look at the UK housebuilding sector.

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