focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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: 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
TW. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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)

More News
20 Sep 2023 12:04

LONDON MARKET MIDDAY: Housebuilders surge as UK inflation abates

(Alliance News) - The FTSE 100 was boosted by retailers and housebuilders midday Wednesday, as investors celebrated UK inflation easing to an 18-month low in a development that takes some pressure off the Bank of England.

Read more
20 Sep 2023 08:57

LONDON MARKET OPEN: Stocks rise after cool UK inflation print

(Alliance News) - Stock prices in London opened higher on Wednesday, as news that UK inflation fell to an 18-month low quashed nerves ahead of the US Federal Reserve rate announcement, with the Bank of England's to follow on Thursday.

Read more
18 Sep 2023 11:59

LONDON MARKET MIDDAY: Stocks down amid pre-rate decision jitters

(Alliance News) - Stock prices in London were lower at midday on Monday, as investors look ahead to key central bank interest rate decisions this week.

Read more
15 Sep 2023 12:09

LONDON MARKET MIDDAY: FTSE 100 boosted by stronger China data

(Alliance News) - The FTSE 100 in London was higher at midday Friday, boosted by China-exposed stocks following promising data from the world's second-largest economy.

Read more
15 Sep 2023 08:56

LONDON MARKET OPEN: China data drives FTSE 100 higher; oil prices rise

(Alliance News) - Global markets were in a largely buoyant mood early Friday following the latest interest rate decision from the European Central Bank, the successful mega-listing of Arm in New York, and some surprisingly robust economic data from China.

Read more
8 Sep 2023 11:48

LONDON MARKET MIDDAY: Stocks mixed amid bleak UK labour report

(Alliance News) - Stock prices in London were mixed at midday on Friday, after a report from KPMG/REC on the UK labour market painted a grim picture.

Read more
6 Sep 2023 12:10

LONDON MARKET MIDDAY: Housebuilding stocks struggle amid sector slump

(Alliance News) - Stock prices in London were lower at midday on Wednesday, with the UK's struggling housebuilding sector and the renewed risk of higher interest rates at the forefront of investor's minds.

Read more
4 Sep 2023 08:51

LONDON MARKET OPEN: Stocks lifted by hopes for US rate pause

(Alliance News) - Stock prices in London opened higher on Monday, as risk sentiment across the globe improved following developments in the US labour market and in China.

Read more
30 Aug 2023 16:50

LONDON MARKET CLOSE: Stocks up as soft US data lifts hope of Fed pause

(Alliance News) - Stocks in London ended higher on Wednesday, as a slew of of softer economic data from the US further lifted hopes that interest rates might soon peak in the world's largest economy.

Read more
30 Aug 2023 11:53

LONDON MARKET MIDDAY: FTSE 100 outperforms European peers

(Alliance News) - The FTSE 100 was outperforming its European peers around midday on Wednesday, amid news that eurozone economic sentiment deteriorated in August.

Read more
30 Aug 2023 08:57

LONDON MARKET OPEN: Prudential outperforms; Instem jumps on takeover

(Alliance News) - Stock prices in London opened higher on Wednesday, as market sentiment continued to be lifted by Tuesday's weak US data which is driving up hopes that interest rates have peaked.

Read more
29 Aug 2023 17:01

LONDON MARKET CLOSE: Stocks higher on housebuilder rally, China boost

(Alliance News) - Stocks in London ended firmly in green on Tuesday, with the FTSE 100 benefiting from news of fresh stimulus measures in China and a major environmental regulation change in the UK.

Read more
29 Aug 2023 12:47

UK scraps some water pollution rules to boost homebuilding

LONDON, Aug 29 (Reuters) - Britain said on Tuesday it would remove some European Union rules it had retained post-Brexit that were meant to curb water pollution, to enable thousands of new homes to be built, a move environmentalists said would further spoil dirty rivers.

Read more
29 Aug 2023 12:23

UK housebuilders enjoy boost as government relaxes waterway rules

(Alliance News) - A major regulation change is set to make life easier for housebuilders, after UK Levelling-Up Secretary Michael Gove said on Tuesday that the government would be scrapping rules on waterway pollution.

Read more
29 Aug 2023 11:51

LONDON MARKET MIDDAY: FTSE outperforms peers; housebuilders rise

(Alliance News) - The FTSE 100 was outperforming its European peers at midday on Tuesday, amid news that UK consumer price inflation is decelerating and the government is scrapping some rules to boost housebuilding.

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.