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 [...]
Taylor Wimpey chair Irene Dorner to step down December 16, 2022 The chair of Taylor Wimpey’s board has stepped down for family reasons. Irene Dorner will quit in April 2023 at the end of its AGM with Robert Noel taking over the role, currently a senior independent director. She will stay on the board in a non executive role. Lord Jitesh Gadhia, who led the search [...]
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 [...]
London’s FTSE 100 boosted by Truss trampled stocks regaining ground after Sunak victory October 24, 2022 London’s FTSE 100 today was lifted by stocks that have suffered during the last month’s financial market turmoil regaining losses. The capital’s premier index closed 0.64 per cent higher at 7,013.99 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, rose 0.76 per cent to [...]
Banks and housebuilders bear brunt of market chaos September 29, 2022 Wild swings in UK debt markets and concern over borrowers’ capacity to pay costlier mortgages have whacked London-listed housebuilders and banks this week. Britain’s biggest property developers have been among the hardest hit listed companies during this week’s market sell-off. FTSE 100-listed construction firms Taylor Wimpey and Barratt Developments have shed more than 20 per [...]
Housebuilder shares rally after rumours of stamp duty cut September 21, 2022 Housebuilders shares rallied on Wednesday after reports Prime Minister Liz Truss is set to slash stamp duty in her mini-budget on Friday. Truss is expected to announce a cut to stamp duty as a rabbit in the mini-budget, a report in The Times newspaper suggested. The report, which suggested Truss intends the policy to fuel [...]
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.
Cladding repair bill hits £1.5bn as Redrow and Barratt latest builders to sign up to fire safety pledge April 6, 2022 The total cost for cladding works for the big nine listed housebuilders has hit £1.5bn, as London-listed firms sign up to a government fire safety pledge. According to analysis from AJ Bell, the country’s biggest builders are planning to set aside another £802m in total to tackle unsafe buildings in the wake of the Grenfell [...]
Housebuilder shares boosted by fresh cladding estimate March 14, 2022 Housebuilders saw their share prices lifted on Monday after optimism that the bill foisted on developers for cladding remediations would be much lower than initially forecast. It had been thought that property firms would have to pay £4bn to rectify unsafe cladding on 11-18metre tower blocks. However, the potential bill was estimated to be closer [...]
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 [...]