Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. 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: 141.40
Bid: 141.40
Ask: 141.50
Change: 2.20 (1.58%)
Spread: 0.10 (0.071%)
Open: 141.30
High: 141.65
Low: 139.60
Prev. Close: 139.20
TW. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Taylor Wimpey completes refinancing of credit facility

Mon, 12th Aug 2013 07:31

Taylor Wimpey has completed the refinancing of its revolving credit facility which is due to mature in November 2014.The housebuilder has secured a new revolving credit facility for £550m to mature in August 2018. Group Finance Director, Ryan Mangold, said the debt facility will provide plenty of headroom to deliver strategic objectives whilst reducing our finance costs."This provides us with a solid base to further optimise our capital structure later this year with the repayment of the senior notes, creating a more efficient debt structure by the end of the year and positioning the group well for the future," he said.Since laying out its strategy in September 2011, the group has reduced net debt by over 40% to £68.4m at June 30th 2013.Taylor Wimpey plans to prepay the remaining £149.4m of the £250m10.375% senior notes on the first call date of December 31st 2013 at a prepayment premium of 5.1875%. Following repayment of the senior notes, the maturity date on the firm's £100m term loan extends to 2020 resulting in total committed debt facilities of £650m with an average maturity of 4.7 years. The company estimates its net finance cost to be nearly 50% lower next year.RD
More News
21 Aug 2023 08:54

LONDON MARKET OPEN: Stocks mixed amid housebuilder sell-off

(Alliance News) - Stock prices in London opened mixed on Monday, as shares in housebuilders came under renewed pressure, following disappointing house price data and a concerning update from midcap-listed Crest Nicholson.

Read more
21 Aug 2023 08:30

UK homebuilder shares tumble after Crest Nicholson cuts annual profit outlook

LONDON, Aug 21 (Reuters) - UK homebuilder shares tumbled on Monday, set for their biggest one-day drop in over six weeks, led by a 14.9% fall in Crest Nicholson shares which plunged after the residential housebuilder cut its full-year profit view.

Read more
16 Aug 2023 12:01

LONDON MARKET MIDDAY: Stocks down; UK inflation cools in July

(Alliance News) - Stock prices in London were lower at midday on Wednesday, as investors digest some mixed inflation figures and the impact they will have on the Bank of England's next move.

Read more
16 Aug 2023 09:29

LONDON BROKER RATINGS: RBC cuts Antofagasta; Shore likes Trainline

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

Read more
11 Aug 2023 09:52

LONDON BROKER RATINGS: Deutsche cuts Domino's Pizza; RBC lowers CVS

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

Read more
8 Aug 2023 13:06

UK housebuilder Bellway to cut jobs amid market slowdown

LONDON, Aug 8 (Reuters) - British housebuilder Bellway on Tuesday said it would cut a limited number of jobs as part of structural changes that include the possible closure of two divisions, citing a slowdown in house building and sales.

Read more
7 Aug 2023 09:03

LONDON MARKET OPEN: LSL slips on profit warning; PageGroup profit down

(Alliance News) - Stock prices in London opened lower on Monday, in a tepid start to the week, as markets wait for further catalysts.

Read more
3 Aug 2023 16:54

LONDON MARKET CLOSE: FTSE 100 declines but pound perks up after BoE

(Alliance News) - Equities in Europe closed lower on Thursday, with markets still unsteady after a US credit rating cut on Wednesday, though London-listed property firms got a slight boost, on the view that the end of the Bank of England's hiking cycle is in sight.

Read more
2 Aug 2023 17:04

UK's FTSE 100 at two-week low as surprise US credit rating cut sours mood

Fitch downgrades U.S. credit rating to AA+

*

Read more
2 Aug 2023 12:07

LONDON MARKET MIDDAY: European stocks rattled after US debt rating cut

(Alliance News) - Stock prices across the globe were lower at midday Wednesday, after Fitch rocked markets by downgrading the US credit rating.

Read more
2 Aug 2023 10:40

Taylor Wimpey expects full-year profits to halve amid housing gloom

Sees full-year operating profit at 440-470 mln stg range

*

Read more
2 Aug 2023 08:11

TOP NEWS: Taylor Wimpey reports half year revenue and profit decline

(Alliance News) - Taylor Wimpey PLC on Wednesday reported a fall in its interim profit and revenue, blaming "variable market conditions" for damaging the housing market.

Read more
2 Aug 2023 07:50

LONDON BRIEFING: Taylor Wimpey profit falls; BAE Systems revenue up

(Alliance News) - Stocks in London are called to open lower on Wednesday, after Fitch's US rating downgrade caused Asian markets to fall sharply.

Read more
2 Aug 2023 07:24

Taylor Wimpey posts drop in 1H revenues and profit after 'substantial' rise in mortgage rates

(Sharecast News) - Taylor Wimpey posted a sharp drop in first half revenues and profit amid a backdrop of "substantially" higher mortgage rates.

Read more
1 Aug 2023 08:55

LONDON MARKET OPEN: Fresnillo falls on profit hit; UK house prices fall

(Alliance News) - Stock prices in London opened mixed on Tuesday, as investors look ahead to a slew of PMI data.

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.