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: 133.70
Bid: 133.45
Ask: 133.55
Change: 3.15 (2.41%)
Spread: 0.10 (0.075%)
Open: 131.90
High: 133.80
Low: 131.40
Prev. Close: 130.55
TW. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UBS remains positive on housebuilders, downplays "mild" cooling measures

Fri, 27th Jun 2014 12:04

UBS has said that the positive fundamentals of the UK housebuilding sector remain unchanged despite recent concerns about how policy changes may affect companies in the industry.The Financial Policy Committee (FPC) on Thursday recommended a cap on loan-to-income (LTI) ratios, suggesting that lenders do not give out more than 15% of mortgages at or greater than 4.5 times household income. It also said that so-called "affordability tests" on borrowers should be stricter.UBS said, in response to the recent sell-off among UK housing stocks, that the FPC's recommendations were "sensible but [a] relatively mild initial step to curb potential future excesses in the housing market".It said that while a "policy over-reaction" is undoubtedly the biggest risk to the sector, this risk has already been largely priced into the market and that future intervention will be "gradual and measured"."The implementation of macro prudential tools to cool a potentially overheating UK housing market has been well flagged and we had expected this from early on in 2014, so yesterday's FPC announcement does not surprise us in this context."UBS economists now expect the Bank Rate to rise by 25 basis points in November this year, compared with a previous forecast of 2015. This tightening, it said, "can be absorbed".The bank still believes that an economic improvement combined with the historical low cost of mortgage financing should support demand, while limited competition for land will allow for above-normal returns to be achieved. Also, the government's drive to boost new build construction should also help housebuilders."Our top picks are Berkeley Group and Taylor Wimpey, but we see upside potential to all shares in the sector."UBS also has 'buy' ratings on the following stocks: Barratt Developments, Bellway, Bovis Homes, Persimmon and Redrow.BC
More News
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
31 Jul 2023 12:06

Pod Point first half loss widens on goodwill impairment loss

(Alliance News) - Pod Point Group Holdings PLC on Monday said revenue was down in the first half as its loss widened due to skyrocketing administrative expenses.

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.