Taylor Wimpey: ‘The scene is set for recovery’ Property Housebuilder Taylor Wimpey has said government planning reforms are set to deliver a “step change” in the industry. The company made the comments alongside its 2024 results. Taylor built 10,593 homes in the year ended December 31, down slightly from 10,848 homes in 2023. Revenue fell 3.2 per cent, to £3.4bn, while operating profit fell [...]
Taylor Wimpey: Housebuilder holds guidance but warns of cost pressures Property Taylor Wimpey has said it’s on track to meet its profit target for the year, but echoing a similar warning from rivals Persimmon and Vistry, said rising costs could be a headwind to growth in 2025. The FTSE 100 firm expects an operating profit of £416m for 2024, down from £470.2m the year prior, according [...]
UK housebuilders to shed light on property market amid Government targets Property Some of the UK’s biggest housebuilders will say whether demand is picking up in the property market after a prolonged slump, as the Government prepares to overhaul planning rules. London-listed construction groups Persimmon, Vistry and Taylor Wimpey will all provide trading updates next week. Persimmon, which will give an update on its fourth-quarter trading on [...]
Which FTSE 100 companies are most exposed to Donald Trump? November 14, 2024 The FTSE 100 has dropped by more than one per cent following the election of Donald Trump as US president, hitting a three-month low earlier this week. Meanwhile, the S&P 500 has been soaring, leading to a clear divergence between the two indexes. While not all of the poor performance of the FTSE 100 can [...]
Taylor Wimpey: Higher demand buoys sales as firm preps for planning reform November 7, 2024 After a tough start to the year, Taylor Wimpey has reported signs of improving customer demand as mortgage rates fall and affordability pressures ease. The housebuilder said it remained on track to deliver UK volumes in line with previous guidance of 9,500 to 10,000 homes and operating profit consistent with current market expectations. In the [...]
Taylor Wimpey: Housebuilder suffers dent to profit ahead of planning reform July 31, 2024 Housebuilder Taylor Wimpey suffered a dent to revenue and profit in a set of half year results in which it hailed the new government's "recognition" of planning laws as being a "major barrier" to housebuilding.
Taylor Wimpey and Rightmove set to benefit from Labour housebuilding plans June 26, 2024 Firms including Taylor Wimpey and Rightmove are poised to benefit if Labour wins the general election on 4 July, according to a leading broker, as both main parties put homebuilding at the centre of their plans to tackle the UK's housing crisis.
Harworth Group sells 200-home plot to Taylor Wimpey June 20, 2024 Land regenerator Harworth Group has sold a 16-acre site with planning permission for 200 homes to developer Taylor Wimpey for almost £20m.
Taylor Wimpey’s order book shrinks amid ‘value over volume’ approach April 23, 2024 Housebuilder Taylor Wimpey has reported a smaller order book and fewer sales so far this year amid "market uncertainty and affordability challenges" as it looks to growth in 2025.
Taylor Wimpey confident on year ahead despite profit slump in 2023 February 28, 2024 Housebuilder Taylor Wimpey saw operating profits tumble close to 50 per cent during the full year, as it continues to be bruised by a tough economic climate.