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Pin to quick picksTaylor Wimpey Share News (TW.)

Share Price Information for Taylor Wimpey (TW.)

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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
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Taylor Wimpey's half-year results grow on improved housing market

Wed, 31st Jul 2013 13:07

UK housebuilder Taylor Wimpey saw its revenue in the first half rise 11.1 per cent to 1.0bn pounds as consumer sentiment grew and the property market improved. Gross profit, before exceptional items, increased 21.8% to £197.0m, which included a £22.4m contribution relating to realisation of written down inventory above its originally estimated net realisable value. Adjusted earnings per share was up 80% to 2.7p as the company completed 5,191 homes at an average selling price of £188,000, compared to 5,083 homes at £176,000.Taylor achieved a record order book of £1.3bn, up from last year's £960.1m, up 35% in value and 24% in volume to 7,101 homes.The operating margin jumped by 210 basis points to 13.1%.The company said the market has been stable since 2009 and is now showing sustainable improvement, in part thanks to government schemes including Help to Buy which is designed to aid first-time homeowners.Pete Redfern, Chief Executive, said: "During the first half of 2013, there has been meaningful improvement in the housing market, with more positive consumer sentiment, a more available and affordable mortgage market, and the presence of government mortgage schemes, all adding to a favourable outlook. "Our business is ideally positioned to perform well in this environment with a strong land position and a very effective housebuilding operation. We continue to open all new outlets with implementable planning permission."Group asset turn rose to 1.09 times as a result of improved profitability offset by lower pension deficits. Net debt decreased to £68.4m at the end of the period from £135.2, at July 1st 2012, as profit growth offset the costs further investment in the business. The group raised its interim dividend to 0.22p from 0.19.RD
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26 Feb 2024 08:46

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26 Feb 2024 07:52

UK housebuilders face CMA probe over info sharing, home quality

(Sharecast News) - Britain's competition watchdog has started an investigation into eight housebuilders over evidence they may have been sharing information which could be harming competition in the sector and influencing prices.

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26 Feb 2024 07:47

LONDON BRIEFING: CMA investigates housebuilders; Bunzl profit up 10%

(Alliance News) - Stocks in London are expected to edge lower on Monday, as investors are shift their attention to this week's economic data.

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23 Feb 2024 09:19

LONDON BROKER RATINGS: Barclays raises Breedon but cuts Domino's Pizza

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21 Feb 2024 15:14

UK earnings, trading statements calendar - next 7 days

Thursday 22 February 
Anglo American PLCFull Year Results
Genus PLCHalf Year Results
Hargreaves Lansdown PLCHalf Year Results
Hays PLCHalf Year Results
Hikma Pharmaceuticals PLCFull Year Results
Indivior PLCFull Year Results
Jupiter Fund Management PLCFull Year Results
Lloyds Banking Group PLCFull Year Results
ME Group International PLCFull Year Results
Mondi PLCFull Year Results
Morgan Sindall Group PLCFull Year Results
Pantheon International PLCHalf Year Results
Rolls-Royce Holdings PLCFull Year Results
WPP PLCFull Year Results
Friday 23 February 
City of London Investment Group PLCHalf Year Results
Irish Residential Properties REIT PLCFull Year Results
Standard Chartered PLCFull Year Results
Monday 26 February 
Base Resources LtdHalf Year Results
Bunzl PLCFull Year Results
EnSilica PLCHalf Year Results
Kosmos Energy LtdFull Year Results
Made Tech Group PLCHalf Year Results
Tristel PLCHalf Year Results
Tuesday 27 February 
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abrdn PLCFull Year Results
Croda International PLCFull Year Results
Kitwave Group PLCFull Year Results
McBride PLCHalf Year Results
PCI-PAL PLCHalf Year Results
Smith & Nephew PLCFull Year Results
Synectics PLCFull Year Results
Uniphar PLCFull Year Results
Unite Group PLCFull Year Results
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AB Dynamics PLCTrading Statement
ASA International Group PLCTrading Statement
Aston Martin Lagonda Global Holdings PLCFull Year Results
Avingtrans PLCHalf Year Results
Bluefield Solar Income Fund LtdHalf Year Results
Derwent London PLCFull Year Results
Glenveagh Properties PLCFull Year Results
Grit Real Estate Income Group LtdHalf Year Results
Hutchmed China LtdFull Year Results
International Personal Finance PLCFull Year Results
Just Eat Takeaway.com NVFull Year Results
Primary Health Properties PLCFull Year Results
Reckitt Benckiser Group PLCFull Year Results
Renewables Infrastructure Group LtdFull Year Results
RHI Magnesita NVFull Year Results
St James's Place PLCFull Year Results
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14 Feb 2024 16:53

LONDON MARKET CLOSE: Investors celebrate steady UK inflation

(Alliance News) - Stock prices in London closed higher on Wednesday, after data showed that the UK's annual inflation rate was steady last month, defying expectations of an acceleration.

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14 Feb 2024 15:23

London close: Stocks rise as UK inflation holds steady

(Sharecast News) - London markets ended the day on a positive note on Wednesday as housebuilders rallied, following data indicating that UK inflation remained steady in January.

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13 Feb 2024 16:53

LONDON MARKET CLOSE: Stocks in red amid sticky US inflation data

(Alliance News) - Stock prices in London closed in the red on Tuesday, after a key US inflation reading came in hotter-than-expected.

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13 Feb 2024 16:21

London close: Stocks fall as US inflation tops expectations

(Sharecast News) - London markets ended the trading day in negative territory on Tuesday, influenced by concerns over higher inflation figures from the United States and a deceleration in wage growth within the UK.

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13 Feb 2024 16:21

London close: Stocks fall as US inflation tops expectations

(Sharecast News) - London markets ended the trading day in negative territory on Tuesday, influenced by concerns over higher inflation figures from the United States and a deceleration in wage growth within the UK.

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13 Feb 2024 12:06

LONDON MARKET MIDDAY: Stocks fall but pound up before US data

(Alliance News) - Stock prices in London were on the decline on Tuesday afternoon, with sentiment tetchy ahead of a US inflation report later.

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LONDON MARKET OPEN: Slow start ahead of US inflation reading

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9 Feb 2024 11:44

LONDON MARKET MIDDAY: European markets quiet heading into afternoon

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