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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: 147.15
Bid: 146.70
Ask: 146.80
Change: 4.15 (2.90%)
Spread: 0.10 (0.068%)
Open: 143.45
High: 147.15
Low: 142.45
Prev. Close: 143.00
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Weaker commodity-related stocks push FTSE to 2-week low

Mon, 22nd Aug 2016 15:48

(ADVISORY- Follow European and UK stock markets in real time onthe Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)

* Blue-chip FTSE 100 index closes 0.4 pct lower

* Mining and energy stocks down on weaker metals, oil prices

* Housebuilders feature among top gainers

By Kit Rees and Atul Prakash

LONDON, Aug 22 (Reuters) - Britain's top share index slippedto its lowest level in nearly two weeks on Monday, withcommodity-related stocks leading the market lower following adrop in metals and crude oil prices.

The commodity-heavy FTSE 100 ended 0.4 percentweaker at 6,828.54 points after hitting a low of 6,812.07, thelowest since Aug. 9. The index has fallen 2 percent in a week.

The UK mining index fell 2.7 percent aftercopper hit a five-week low as the dollar gained on hawkishcomments from a Fed official and inventories rose. Otherindustrial metals and gold also fell sharply.

Shares in Anglo American, Fresnillo,Randgold Resources, Antofagasta and Glencore declined between 2.5 percent and 5.9 percent.

The oil and gas index dropped 1.5 percent aftercrude oil prices fell nearly 3 percent as China ramped upexports of refined products, U.S. oil producers added rigs foran eighth consecutive week and prospects emerged for higherexports from Iraq and Nigeria.

"A more hawkish tone from a succession of Fed officialsalong with a sharp slide in oil prices has seen the FTSE 100feeling the worst of the declines due to weakness in the miningand oil and gas sectors," said Michael Hewson, analyst at CMCMarkets, referring to the FTSE's underperformance against a flatSTOXX Europe 600 index.

"(However) housebuilders have managed to attract somefurther buying interest. Some of the more bearish sentimentsurrounding the UK economy and the housing market appears to bedissipating as a host of economic forecasts dial back their morebearish outlooks for the UK economy."

Shares in housebuilders Taylor Wimpey, BarrattDevelopments and Berkeley Group gained between2.5 percent and 3.5 percent.

The shares had fallen heavily following the UK's vote toleave the European Union in June. They have since risen off 2016lows but are yet to break above their pre-Brexit levels.

"On the one hand you've got the possibility of an economicdownturn, but equally you've got really low mortgage rates, andyou also have a very large imbalance in the supply and demand ofhousing ... and that's going to help support property prices,"Laith Khalaf, senior analyst at Hargreaves Lansdown, said. (Editing by Robin Pomeroy)

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LONDON MARKET MIDDAY: Crest Nicholson warning hits housing shares

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21 Aug 2023 10:05

UK's Crest Nicholson warns on profit amid housing worries

Shares fall 14% to hit lowest level since Sept 2020

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21 Aug 2023 08:54

LONDON MARKET OPEN: Stocks mixed amid housebuilder sell-off

(Alliance News) - Stock prices in London opened mixed on Monday, as shares in housebuilders came under renewed pressure, following disappointing house price data and a concerning update from midcap-listed Crest Nicholson.

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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.

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

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LONDON BROKER RATINGS: Deutsche cuts Domino's Pizza; RBC lowers CVS

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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.

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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.

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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.

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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+

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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.

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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

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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.

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