Roundtable Discussion; The Future of Mineral Sands. Watch the video 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

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
More News
15 Sep 2023 12:09

LONDON MARKET MIDDAY: FTSE 100 boosted by stronger China data

(Alliance News) - The FTSE 100 in London was higher at midday Friday, boosted by China-exposed stocks following promising data from the world's second-largest economy.

Read more
15 Sep 2023 08:56

LONDON MARKET OPEN: China data drives FTSE 100 higher; oil prices rise

(Alliance News) - Global markets were in a largely buoyant mood early Friday following the latest interest rate decision from the European Central Bank, the successful mega-listing of Arm in New York, and some surprisingly robust economic data from China.

Read more
8 Sep 2023 11:48

LONDON MARKET MIDDAY: Stocks mixed amid bleak UK labour report

(Alliance News) - Stock prices in London were mixed at midday on Friday, after a report from KPMG/REC on the UK labour market painted a grim picture.

Read more
6 Sep 2023 12:10

LONDON MARKET MIDDAY: Housebuilding stocks struggle amid sector slump

(Alliance News) - Stock prices in London were lower at midday on Wednesday, with the UK's struggling housebuilding sector and the renewed risk of higher interest rates at the forefront of investor's minds.

Read more
4 Sep 2023 08:51

LONDON MARKET OPEN: Stocks lifted by hopes for US rate pause

(Alliance News) - Stock prices in London opened higher on Monday, as risk sentiment across the globe improved following developments in the US labour market and in China.

Read more
30 Aug 2023 16:50

LONDON MARKET CLOSE: Stocks up as soft US data lifts hope of Fed pause

(Alliance News) - Stocks in London ended higher on Wednesday, as a slew of of softer economic data from the US further lifted hopes that interest rates might soon peak in the world's largest economy.

Read more
30 Aug 2023 11:53

LONDON MARKET MIDDAY: FTSE 100 outperforms European peers

(Alliance News) - The FTSE 100 was outperforming its European peers around midday on Wednesday, amid news that eurozone economic sentiment deteriorated in August.

Read more
30 Aug 2023 08:57

LONDON MARKET OPEN: Prudential outperforms; Instem jumps on takeover

(Alliance News) - Stock prices in London opened higher on Wednesday, as market sentiment continued to be lifted by Tuesday's weak US data which is driving up hopes that interest rates have peaked.

Read more
29 Aug 2023 17:01

LONDON MARKET CLOSE: Stocks higher on housebuilder rally, China boost

(Alliance News) - Stocks in London ended firmly in green on Tuesday, with the FTSE 100 benefiting from news of fresh stimulus measures in China and a major environmental regulation change in the UK.

Read more
29 Aug 2023 12:47

UK scraps some water pollution rules to boost homebuilding

LONDON, Aug 29 (Reuters) - Britain said on Tuesday it would remove some European Union rules it had retained post-Brexit that were meant to curb water pollution, to enable thousands of new homes to be built, a move environmentalists said would further spoil dirty rivers.

Read more
29 Aug 2023 12:23

UK housebuilders enjoy boost as government relaxes waterway rules

(Alliance News) - A major regulation change is set to make life easier for housebuilders, after UK Levelling-Up Secretary Michael Gove said on Tuesday that the government would be scrapping rules on waterway pollution.

Read more
29 Aug 2023 11:51

LONDON MARKET MIDDAY: FTSE outperforms peers; housebuilders rise

(Alliance News) - The FTSE 100 was outperforming its European peers at midday on Tuesday, amid news that UK consumer price inflation is decelerating and the government is scrapping some rules to boost housebuilding.

Read more
21 Aug 2023 16:49

LONDON MARKET CLOSE: FTSE 100 tips into red as housebuilders struggle

(Alliance News) - Stocks in London were lower at the close on Monday, with the FTSE 100 tipping into the red as its blue-chip housebuilders were hurt by less-than-stellar data from Rightmove and a profit warning from FTSE 250 peer Crest Nicholson.

Read more
21 Aug 2023 12:04

LONDON MARKET MIDDAY: Crest Nicholson warning hits housing shares

(Alliance News) - Stock prices in London were mixed at midday Monday, after a profit warning from Crest Nicholson, as well as some poor data from Rightmove, rattled stocks in the housebuilding sector.

Read more
21 Aug 2023 10:05

UK's Crest Nicholson warns on profit amid housing worries

Shares fall 14% to hit lowest level since Sept 2020

*

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.