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

Strong UK performance at Taylor Wimpey

Wed, 01st Aug 2012 07:14

House builder Taylor Wimpey said it has seen an improvement across the business in the last six months as it focuses on margin growth and as trading conditions in the housing market stabilise.Profit before tax and exceptional items surged to £78.2m in the half year ended 1 July 2012 from £28.9m the year despite uncertain wider economic conditions. Revenue for the period climbed to £906.2m from £817.8m.Group operating margin increased to 11.1% from 8.2% in 2011 and total return on net operating assets increased to 11.6% from 7.2% in the same half a year before.Increased average selling price of £176,000 compared to £168,000 the year before. The group also logged an 18% increase in the value of the private order book to £688m.Taylor Wimpey said that UK market conditions remain stable, with underlying pricing unchanged over the course of the first half of 2012.Chief executive Pete Redfern noted: "Although wider economic conditions remain uncertain, we have been reassured by the continued stability in trading conditions and the strength of our order book. Looking ahead, we expect to deliver further improvements in performance across all key metrics." "Mortgage lending continues to be constrained, although we have been encouraged by the introduction of a number of higher loan to value products since the start of the year, most notably under the NewBuy scheme." Assuming that current stable markets persist, the group expects to continue to achieve improved performance period on period and to deliver full year returns in 2012 that are in line with company expectations.Meanwhile the market in Spain remains challenging with Spanish buyers particularly hit by restricted mortgage availability and an ongoing lack of confidence in the economy. Group net debt fell to £135.2m at 1 July 2012 from £165.9m at 3 July 2011, as a result of the profitability in the period. An interim dividend of 0.19p per share has been declared which has been calculated with reference to the net asset value of the group and is expected to represent around one-third of the total dividend for the year.CJ
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.