Housebuilder shares jump as market backs Prime Minister Theresa May in leadership challenge December 12, 2018 Shares in Brexit sensitive housebuilders have jumped today as the market backs Theresa May's ability to survive an impending no confidence vote. Persimmon, Taylor Wimpey, Berkeley Group and Barratt Development all saw shares increase by between 3.4 per cent to 5.5 per cent hours before Conservative MPs cast their votes on the Prime Minister’s leadership. May [...]
Taylor Wimpey confident it can beat market uncertainty as low interest rates boost house buyers November 13, 2018 Housebuilder Taylor Wimpey today said it is on track to weather political uncertainty to deliver on guidance thanks to low interest rates and the government's Help to Buy scheme. Sales rates for the year to date were 0.81 per outlet per week in the second half of 2018, unchanged from last year, though cancellation rates were up [...]
May’s stamp duty tax on foreign buyers forces down FTSE developers’ share prices October 1, 2018 More than half a billion pounds was wiped off the value of some of the UK’s largest housebuilders today, as the City digested news of Theresa May’s planned property tax on foreign buyers. Shares in Berkeley Group, Barratt Developments and Taylor Wimpey all slid in the wake of the Prime Minister’s weekend announcement to slap [...]
Transport for London steps up property ambitions after unveiling new partnership September 26, 2018 Transport for London (TfL) has unveiled plans for a new partnership with one of the capital’s affordable housing developers today, in a sign that the body is ramping up its move into the property market as it looks to pay off its near-£1bn debt pile. In a new joint venture with property developer Apartments [...]
Housebuilder shares rise as government launches £36m fund to build first-time buyer homes on brownfield sites August 10, 2015 Shares in the UK's largest housebuilders rose today after the government unveiled two funds collectively worth £36m aimed at building homes for first-time buyers on brownfield sites. Communities secretary Greg Clark said a £26m fund will be used to acquire brownfield sites to provide land for starter homes, while another, £10m, fund is aimed at [...]
Taylor Wimpey boosted by General Election as profits rise July 29, 2015 Taylor Wimpey said yesterday it would return more cash to shareholders after pre-tax profit rose by a third to £238m in the first half, boosted by a pick-up in trading following the General Election. Chief executive Peter Redfern said that since May it has seen a significant improvement in consumer confidence and mortgage availability, which [...]
Taylor Wimpey, Barratt Developments and Persimmon share prices dip as fears about Labour rent control plans take hold April 27, 2015 Housing experts warned that Labour plans to bring in rent controls could lead to investors pulling out of the rental market. The Association of Rental Letting Agents (ARLA) said yesterday that three-quarters of its members feared the plans would “see landlords exit the market and reduce supply”. Such fears led to an immediate [...]
Taylor Wimpey upbeat on UK housing market as buyers shake off General Election jitters April 23, 2015 The figures Taylor Wimpey has made an upbeat start to 2015, with an average private net reservation rate of 0.76 sales per outlet per week for the year to date – suggesting house buyers aren't worried about the impact of the general election (and given housebuilding is one of the few sectors that stands to benefit, [...]
Taylor Wimpey reports sunny outlook for spring as it shrugs off slowing housing market March 3, 2015 The figures Britain's second biggest homebuilder said full-year revenue rose 17 per cent to £2.7bn, up from £2.3bn a year earlier. This was helped along by operating profit which swelled 53.6 per cent to £480m. Total home completions jumped 6.5 per cent to 12,454 (including joint ventures) up from 11,696 in 2013. Total average selling price [...]
Housebuilder shares rise as Conservatives promise 200,000 cheap starter homes for first-time buyers March 2, 2015 Shares in the UK's largest housebuilders bounced this morning, after the Conservatives pledged to make 200,000 "starter homes" available cheap for first-time buyers if they win the election. Shares in Taylor Wimpey rose 1.54 per cent to 147p in early trading, while Barratt rose 0.87 per cent to 520p and Persimmon rose 1.36 per cent [...]