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 [...]