RE: On the bounce14 May 2014 00:31
Market Report
Housing, mining shares rise
Housebuilder Taylor Wimpey gave a bullish outlook on Tuesday with a "new and enhanced set of financial targets" as the housing market goes from strength to strength. The company also said it will return at least £200m of cash per year from 2016 on top of the £50m special dividend in July 2014 and £200m in July 2015.
Others in the sector were also given a boost by the comments, such as Barratt Developments, Persimmon and Crest Nicholson.