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Pin to quick picksTaylor Wimpey Share News (TW.)

Share Price Information for Taylor Wimpey (TW.)

London Stock Exchange
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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 -

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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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12 Jan 2024 08:20

UK's Vistry upbeat on 2024 as demand for affordable homes picks up

Says current forward sales up 12.4% year-on-year

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11 Jan 2024 16:34

London close: Stocks fall as US inflation comes in hot

(Sharecast News) - London's stock markets closed in the red on Thursday, reversing earlier gains after US consumer inflation came in hotter than expected.

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11 Jan 2024 10:19

UK builder Taylor Wimpey warns of tough market despite drop in mortgage rates

Reiterates 2023 operating profit forecast

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11 Jan 2024 08:57

TOP NEWS: Taylor Wimpey order book and profits hit by tough market

(Alliance News) - Taylor Wimpey PLC on Thursday said that "sharp operational focus" had allowed them to survive the year's challenging market conditions, but said that the near-term outlook remains uncertain.

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11 Jan 2024 07:25

Taylor Wimpey's 2023 profits at top end of guidance

(Sharecast News) - Housebuilder Taylor Wimpey is set to deliver profits towards the top of guidance for the full year but said that the market remains "uncertain" despite a recent reduction in mortgage rates.

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

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