Taylor Wimpey on track for £922m full-year profit despite increasing cancellations November 9, 2022 Taylor Wimpey remains on track to deliver a full-year operating profit of around £922m despite reporting an increase in cancellation rates. In the last six months, the home builder reported a net private sales rate of 0.51 homes per outlet per week – down 44 per cent on last year’s levels. Cancellation rates also rose [...]
Homebuilder Taylor Wimpey hikes forecast after profits jump to £335m August 3, 2022 Housebuilder Taylor Wimpey hiked its profit forecast to the top of full year estimates today after a bumper first half in which it beat house completion targets.
Taylor Wimpey profits up nearly 22 per cent at £827m as builder notes signs of housing market ‘improvement’ March 2, 2023 Taylor Wimpey said it “acted quickly” to address rapidly changing market conditions, as the London-listed construction group reported 3.2 per cent year-on-year growth in revenue to £4.4bn during the year ending 2022. The group reported pre-tax profits of £827m, a rise of 21.8 per cent from £678m in the same period last year. As inflation [...]
Taylor Wimpey: Average selling price hits £350,000 as firm shrugs off mini budget housing chaos January 13, 2023 The average selling price for private completions increased six per cent to more than £350,000 according to one of the UK’s largest construction companies. Taylor Wimpey released its 2022 overview today, saying total completions were a shade under last year’s at 13,154, compared to 14, 302. It said of the completions, more than a fifth [...]
Persimmon and Taylor Wimpey sign up to government’s cladding pledge April 5, 2022 Housebuilders Persimmon and Taylor Wimpey have signed the government’s developer pledge to remove unsafe cladding in tower blocks installed within the past three decades. The pledge commits house builders to fix dangerous cladding and other fire safety issues in buildings over 11 metres. Taylor Wimpey revealed it was signing up to pledge on Tuesday afternoon, [...]
Taylor Wimpey bats off inflation concerns as home prices spiral in the housebuilder’s favour April 26, 2022 Taylor Wimpey has continued to bat off concerns surrounding inflationary headwinds, as the housebuilder agrees to spend another £80m on fixing its fire-risk cladding. The FTSE 100 firm signed the government’s fire safety pledge earlier this month, which means it must fix all cladding issues on buildings over 11 metres, which were build in the [...]
Board member Jennie Daly to replace Pete Redfern at the helm of Taylor Wimpey February 7, 2022 Jennie Daly, board member and group operations director at housing giant Taylor Wimpey, will replace Pete Redfern as the company’s chief executive. The company announced the appointment this morning, saying it will be effective from the conclusion of the annual general meeting on 26 April 2022. “Jennie has extensive experience in the housebuilding sector and [...]
Taylor Wimpey revenue more than doubles, climbing closer to pre-Covid levels March 3, 2022 Taylor Wimpey revenue has more than doubled in the past year, fuelled by a 47 per cent increase in UK house completions. Revenue surged over 53 per cent in the year to 31 December to £4.2bn, up from the £2.7bn it secured in 2020. It marks a strong sign of recovery for the housebuilder, as [...]
Activist investor Elliott takes stake in Taylor Wimpey and calls for change December 11, 2021 Activist investor Elliott Investment Management has called on Taylor Wimpey to make major changes in the company’s leadership, which it has blamed for the builder’s falling share price, according to reports. The news comes days after Taylor Wimpey’s chief executive officer Pete Redfern announced his resignation after 14 years. Shares at the time were 29 [...]
Taylor Wimpey’s order book hits £2.5bn amid strong demand for homes January 17, 2022 Home builder Taylor Wimpey ended the 2021 financial year in a strong position with an order book valued at £2.5bn.