Property firms Barratt Developments and Taylor Wimpey line up to join FTSE 100 as IMI and Petrofac drop out December 1, 2014 Two companies are on track to be promoted to the FTSE 100 this week as the UK’s main stock indices undergo a reshuffle. Residential property development companies Barratt Developments and Taylor Wimpey are both in line to be moved on to the FTSE 100 index from their current position on the FTSE 250. The FTSE 100 [...]
Taylor Wimpey builds up return to shareholders July 30, 2014 TAYLOR Wimpey said yesterday it plans to accelerate cash returns to shareholders next year after the UK’s buoyant housing market helped the housebuilder deliver a strong first half performance. The group posted a 64 per cent jump in adjusted pre-tax profits to £178.4m for the six months to 29 June, compared with the same time [...]
Taylor Wimpey backs stricter mortgage rules July 7, 2014 Taylor Wimpey yesterday welcomed new Bank of England rules to temper the housing market as “a positive move” as the housebuilder delivered a strong first half of the year. The group said a strengthening housing market helped sales rates and prices of its new homes come in at the top end of forecasts, while operating [...]
Taylor Wimpey hikes average selling price to £224,000 July 7, 2014 Housebuilder Taylor Wimpey says it has performed strongly in the first half of 2014, with sales rates and pricing at the upper end of the company's expectations. The average selling price of completions rose to £206,000 from £188,000 in the first half of 2013, while the average selling price on private completions jumped by nine [...]
Taylor Wimpey shares jump as it lifts forecasts May 13, 2014 SHARES in Taylor Wimpey jumped over seven per cent yesterday after the housebuilder raised its profit targets on the back of a resurgence in the housing market. Housebuilders have enjoyed a dramatic recovery over the past year thanks to the government’s Help to Buy scheme and improving consumer confidence, which has helped fuel demand for [...]
Taylor Wimpey returns £250m to shareholders February 26, 2014 TAYLOR Wimpey said yesterday it would pay £250m to shareholders after it became the latest housebuilder to report impressive results on the back of a surging housing market. The company said it will pay shareholders a special dividend of £50m in 2014, and £200m in 2015 from its growing cash pile, with plans for further [...]
Taylor Wimpey announces special dividend on profit jump February 26, 2014 Taylor Wimpey is the latest house builder to report impressive results on the back of a surging housing market. The developer saw profit before tax jump 47.6 per cent last year, to £268.4m. It said it saw a “significant step in both interest levels and sales rates” because of Help to Buy. It said it [...]
Rights issue flop knocks housebuilder July 3, 2008 The future of housebuilder Taylor Wimpey was in doubt yesterday as the beleaguered group failed to raise £500m of capital from investors, causing the value of the company to halve. Britain’s largest builder issued an intensely gloomy statement, saying it was slashing 900 jobs, it was not buying any more land, and admitted it was [...]
Double dose of corporate woe leaves City investors reeling July 3, 2008 The city was left reeling yesterday after retail giant Marks & Spencer issued a shock profits warning and Britain’s largest housebuilder Taylor Wimpey admitted it had been unable to secure £500m in funding. The bleak news from M&S, an industry bellwether, that the consumer downturn was likely to be “longer and harder fought” than previously [...]
Emergency share issue on the cards for Taylor Wimpey July 1, 2008 Confirmation from the UK’s largest housebuilder, Taylor Wimpey, that it is seeking to shore up its balance sheet will start a wave of refinancing across the sector, analysts warned yesterday. The housing company said it expects to write down the value of its land bank by around £660m, and revealed it was in talks with [...]