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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: 147.15
Bid: 146.90
Ask: 147.00
Change: 0.95 (0.65%)
Spread: 0.10 (0.068%)
Open: 145.95
High: 147.30
Low: 145.40
Prev. Close: 146.20
TW. Live PriceLast checked at -

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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
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15 Mar 2023 17:21

UK budget winners and losers: the pound, gilts and stocks

LONDON, March 15 (Reuters) - Finance minister Jeremy Hunt presented less gloomy forecasts for Britain's economy at his Spring Budget on Wednesday.

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14 Mar 2023 09:54

Morgan Sindall signs cladding remediation deal with UK government

(Alliance News) - Morgan Sindall Group PLC on Tuesday joined other building companies in signing the UK government's self remediation contract.

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13 Mar 2023 17:12

UPDATE: Barratt, Gleeson, Taylor Wimpey, Berkeley sign UK housing deal

(Alliance News) - Barratt Developments PLC, MJ Gleeson PLC, Taylor Wimpey PLC and Berkeley Group Holdings PLC on Monday joined other building companies in signing the UK government's self remediation contract.

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13 Mar 2023 09:40

LONDON BROKER RATINGS: JPMorgan cuts BAT; raises Bunzl

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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10 Mar 2023 09:24

UK's Berkeley cautious about housing market but maintains profit guidance

LONDON, March 10 (Reuters) - British house builder Berkeley Group Holdings Plc maintained its 2023 outlook on Friday and said house prices remained firm, but added it was cautious as sales are falling amid volatility in the property market.

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9 Mar 2023 14:23

IN BRIEF: Henry Boot completes sale 1,855-plot site to Taylor Wimpey

Henry Boot PLC - Sheffield-based property developer - Announces that its land promotion and planning business, Hallam Land Management, has completed the sale of a 1,855-plot site in Milton Keynes, England to housebuilder Taylor Wimpey UK Ltd. The transaction results in an ungeared internal rate of return for Henry Boot of 14% per year.

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9 Mar 2023 00:01

UK house prices slide further but market pessimism eases: RICS

LONDON, March 9 (Reuters) - British property surveyors grew less gloomy about the prospects for the housing market in February as a slump in new buyer enquiries eased, but reports of falling house prices hit a 14-year high, a survey showed on Thursday.

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8 Mar 2023 09:20

LONDON BROKER RATINGS: Jefferies cuts John Wood to 'hold' from 'buy'

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

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8 Mar 2023 07:59

LONDON BRIEFING: UK insurers report mixed results and change chairs

(Alliance News) - Stocks in London are set to open lower on Wednesday, as markets saw any prospect of a dovish pivot from the US Federal Reserve dashed on Tuesday after its chair said rates would likely remain high.

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7 Mar 2023 08:56

LONDON MARKET OPEN: European markets subdued before Fed testimony

(Alliance News) - London's equities got off to a lukewarm start on Tuesday, as investor caution prevailed ahead of policy commentary by the head of the US central bank.

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3 Mar 2023 15:47

UK homebuilder Vistry to cut hundreds of jobs - Bloomberg News

March 3 (Reuters) - Vistry Group plans to cut around 200 jobs, Bloomberg reported on Friday, months after the British housebuilder's 1.25 billion pounds ($1.50 billion) purchase of rival Countryside and at a time the UK property market battles a downturn.

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2 Mar 2023 10:16

UK's Taylor Wimpey cuts jobs amid housing slowdown

Year-to-date sales rate till Feb. 26 at 0.62/outlet

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2 Mar 2023 09:16

TOP NEWS: Taylor Wimpey profit jumps; expects house completions fall

(Alliance News) - Housebuilder Taylor Wimpey on Thursday said 2022 was a year of "distinct halves", as it expects to complete up to 36% fewer houses in 2023 than in 2022.

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2 Mar 2023 09:13

LONDON MARKET OPEN: CRH shares jump as it plans US primary listing

(Alliance News) - Stock prices in London were lower early Thursday, with the FTSE 100 index being spared from a steeper fall thanks to a jump in CRH shares and a weaker pound.

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2 Mar 2023 07:57

LONDON BRIEFING: Taylor Wimpey expects house completions to drop

(Alliance News) - Stocks were called to open flat in London, with market attention on a raft of corporate earnings, as well as a eurozone inflation reading at 1000 GMT.

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