Taylor Wimpey reinstates dividend as profit falls two-thirds March 2, 2021 Housebuilder Taylor Wimpey today said that it would reinstate its dividend after a year in which profit before tax at the firm fell 68 per cent. Having cut its dividend when the coronavirus forced it into site closures in the second quarter, the FTSE 100 company said it would pay out a final dividend of [...]
Taylor Wimpey orders increase by £500m despite 2020 pandemic hit January 14, 2021 Taylor Wimpey saw orders increase by £500m despite the housing market shut down, its annual performance review revealed this morning. Despite the house builder suffering during 2020, with housing completions falling nearly 40 per cent, the company started 2021 with an order book valued at £2.7bn, as opposed to their £2.2bn orders for 2019/20. “Looking [...]
Taylor Wimpey swings to a loss in first half July 29, 2020 Housebuilder Taylor Wimpey swung to a loss in the first half of the year after costs related to the coronavirus pandemic reached £39.2m. The figures The developer’s share price fell more than seven per cent this morning as it reported an operating loss of £16.1m, compared to a profit of £311.9m in 2019, and loss [...]
Taylor Wimpey takes a punt on £500m land buying splurge June 18, 2020 Housebuilder Taylor Wimpey has raised £522m from investors to help it buy up land which has been made cheaper by the coronavirus pandemic. The FTSE 250 company raised funds from both new and existing shareholders in a share placing, where shares were bought at 145p each. This represented a four per cent discount on yesterday’s [...]
Housebuilder Taylor Wimpey to reopen show homes and sales centres after government lifts restrictions May 13, 2020 Housebuilder Taylor Wimpey will begin the phased reopening of its show homes and sales centres this month, after the government lifted restrictions on the property market. The developer said sales centres and show homes will be available for pre-booked appointments from 22 May, and it will take the majority of its sales staff off the [...]
Taylor Wimpey warns of squeezed profit margin for 2020 February 26, 2020 Flat house prices amid 2019’s prolonged Brexit uncertainty hurt Taylor Wimpey’s profit margin last year, with no recovery expected in 2020, it revealed today. The figures Taylor Wimpey’s profit before tax climbed 3.1 per cent year on year to £835.9m in 2019. But weak house price growth and building costs knocked the firm’s operating profit [...]
UK housing market stable despite political uncertainty, says Taylor Wimpey January 14, 2020 Housebuilding firm Taylor Wimpey said the housing market remained stable last year, despite ongoing economic and political uncertainty. In a trading update this morning the company said that conditions were more challenging in London and the South East but demand for homes remained strong in the face of uncertainty caused by Brexit. Read more: New [...]
Conservative election victory sparks sharp recovery in housebuilder stocks December 13, 2019 The uncertainty surrounding Brexit and the country’s future has long been blamed as a source of the property market’s recent struggles. However a sizeable Conservative majority in the general election has already resulted in a sharp rise in housebuilder stocks. FTSE 100 firm Taylor Wimpey’s share price rose by 11.4 per cent in early morning [...]
Taylor Wimpey reports strong demand for homes in second half November 13, 2019 House building giant Taylor Wimpey reported strong demand for new homes in the second half of the year despite uncertainties related to Brexit. The company said the UK housing market remained resilient in the second half, but said customer caution increased in the higher-priced markets of London and the South East. Read more: Taylor Wimpey profits [...]
Taylor Wimpey profits drop due to higher costs July 31, 2019 Shares in house builder Taylor Wimpey fell more than six per cent this morning as the company reported a drop in profits due to higher costs. The figures Profit before tax and exceptional items fell 9.4 per cent in the first half of the year to £299.8m from £331m in 2018. Read more: Taylor Wimpey [...]