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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: 0.00 (0.00%)
Spread: 0.10 (0.072%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 139.20
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STOCKS NEWS EUROPE-Citi, BofA ML positive on UK housebuilders

Wed, 16th Jan 2013 09:23

Fundamentals for UK housebuilders for 2013 continue to be supportive, withrelatively stable underlying house prices and completions moving steadily highermeaning margins should continue to improve, Citi says. "We expect this to translate into good earnings growth and steady growth innet assets. The sector has enjoyed two years of share price outperformance, witha very strong performance in 2012," it says in a note. Bank of America Merrill Lynch also says it sees a number of positive trendsfor UK housebuilders that should drive demand and continue to feed the upgradecycle. "This, we believe, will drive share prices higher," BofA Merrill Lynch saysin a sector review, retaining its "overweight" stance on the UK housebuildersinto 2013. Citi says given the recent re-rating in the sector, a more muted share priceperformance is expected this year, but valuations appear to be well supported bythe trend in margins and returns. However, given the recent bounce in sector share prices of about 42 percentover the last six months, Citi downgrades its rating for Taylor Wimpey to"neutral" from "buy" on valuation grounds after a recent strong share priceperformance. Shares in Taylor Wimpey, which surged 75 percent in 2012, fall 4.1 percenton Wednesday. Citi maintains a "neutral" rating on Barratt, Redrow andBerkeley Group and retains "buy" ratings on Persimmon, Bellway and Bovis. BofA Merrill Lynch upgrades Berkeley from "neutral" to "buy" and adds thestock to its key sector picks as the bank has become significantly more positiveon Berkeley's cash return programme. Berekely shares gain 0.5 percent. Barratt and Bovis also remain on Merrill's list of top sector picks. Reuters messaging rm://atul.prakash.thomsonreuters.com@reuters.net
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UK's Vistry upbeat on 2024 as demand for affordable homes picks up

Says current forward sales up 12.4% year-on-year

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London close: Stocks fall as US inflation comes in hot

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UK builder Taylor Wimpey warns of tough market despite drop in mortgage rates

Reiterates 2023 operating profit forecast

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11 Jan 2024 08:57

TOP NEWS: Taylor Wimpey order book and profits hit by tough market

(Alliance News) - Taylor Wimpey PLC on Thursday said that "sharp operational focus" had allowed them to survive the year's challenging market conditions, but said that the near-term outlook remains uncertain.

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Taylor Wimpey's 2023 profits at top end of guidance

(Sharecast News) - Housebuilder Taylor Wimpey is set to deliver profits towards the top of guidance for the full year but said that the market remains "uncertain" despite a recent reduction in mortgage rates.

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(Alliance News) - Blue-chip European shares were lower early Wednesday afternoon, with the mood in equity markets uncertain ahead of Thursday's key US inflation report.

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