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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: 149.30
Bid: 149.25
Ask: 149.35
Change: 2.15 (1.46%)
Spread: 0.10 (0.067%)
Open: 149.20
High: 150.00
Low: 148.90
Prev. Close: 147.15
TW. Live PriceLast checked at -

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Utilities, rail operators most exposed to UK election, Fitch says

Fri, 17th Apr 2015 10:27

Utilities and rail companies are among the corporate sectors most at risk from regulatory or government policy shifts following the upcoming UK general election on 7 May, according to Fitch Ratings.With the Conservative Party having frozen rail fares, and Labour pledging to freeze energy prices if elected, Fitch flagged both sectors as being particularly vulnerable in a note to clients on Friday. The ratings agency also included housebuilders, oil and gas, healthcare and defence companies among those likely to see a challenging operational climate post-elections.Roelof Steenekamp, senior director at Fitch Ratings, said: "Household utility bills have slipped down the political agenda in the last few months due to the improving economy and wage growth overtaking headline inflation, but utilities remain a sector where the political parties' policies vary significantly."A resumption of the rapid growth in bills seen in the first few years of the decade would increase political risk whatever party or combination of parties was in power, he added.In the rail sector, Steenekamp noted that both main parties had some form of policy or the other that would limit an increase in regulated rail fares over the course of the next parliament, with an added complication of a state-owned rail franchise promised by Labour that would be competing with private players for tenders."This could be credit negative for rail franchise operators, even though we do not believe the impact would be significant," he said.Conservative Party policy on housing has focused on providing financial assistance for buyers, for example, through its Help-to-Buy scheme. Such policies tend to push up home prices, which is positive for housebuilders' earnings. However, Fitch said the move could push prices further above their long-term sustainable level, adding to the risk of a bubble and a subsequent correction."Both the Conservative and Labour parties have plans to increase construction, potentially opening up more opportunities for the sector, but we believe house builders could struggle to quickly accelerate construction," Steenekamp added.Fitch reckons healthcare, oil & gas and defence companies could also face reform but any impact would probably be limited as policy shifts would either be incremental or only affect a small portion of their business.
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14 Mar 2023 09:54

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(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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