Company
LON:TW.
Taylor Wimpey plc is a dedicated homebuilding company with operations in the UK, North America, Spain and Gibraltar.
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Builders and building materials
The bank said that while the sector was facing near term risks in the form of rising unemployment and a sharp fall in mortgage availability, it expected ongoing government support to offset any risk to earnings in 2021
The housebuilder said it ended the year with a total order book valued at £2.68bn or 10,685 homes
The FTSE 100 group said yesterday that now it is back up to full capacity it expects profits to be at the upper end of expectations
Builders and building materials
The FTSE 100 group was a noticeably more bullish than smaller rival Redrow had been last week
The total order book, excluding joint ventures, stood at 11,530 homes or roughly £3bn at November 1
Persimmon was downgraded and Taylor Wimpey upgraded and now 'top pick' in the sector
“We are now operating safely at c.80% production capacity and expect to deliver around 40% less completions in 2020"
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On Wednesday, Chancellor of the Exchequer Rishi Sunak is expected to unveil a raft of policies to help lift the UK economy out of its pandemic-induced slump
The 13 sites where final terms are yet to be agreed would probably cost £3-400m, said Peel Hunt, as well the £136m spend on the 12 agreed sites.
Sales demand has been strong since it reopened sales centres, the FTSE 100-listed housebuilder said
The housebuilder has started to look at buying land again
Show home viewings will be unaccompanied and only one family at a time will be able to view each house
Builders and building materials
Building site workers may still be required to work within two metres of each other, in which case they should “work side by side, or facing away from each other”
"We are now confident that we have clear plans and processes in place so we can safely start back on site"
Analysts have been crunching the numbers to work out how builders could cope with a major economic shock from a long lockdown or a big fall in house prices
All directors will also take a 30% reduction in their base salary or fees at least until the end of June
The housebuilder has reiterated operating profit margin target of 21-22% for the current year
The group completed 15,719 houses during the calendar year at an average selling price of £269,000
Tuesday will also see trading updates from Taylor Wimpey and PageGroup, plus half-year numbers from Games Workshop and DFS Furniture
The FTSE 100 housebuilder said operating margins for the full year would be “slightly lower” than it had indicated at the half-year but sales volumes “slightly higher”
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Investors are expecting a cut of 0.25% in the benchmark short-term rate
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The day ahead includes interims from Lloyds and Taylor Wimpey along with the Federal Reserve's latest policy decision
“Given the attractive yields on offer, the question of sustainability becomes more hazy the further out you look”
Builders and building materials
A survey of surveyors showed interest among house buyers rose for the first time in more than two and a half years
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The mid-cap FTSE 250 added over 147 points to close at 19,462 on Friday
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Footsie closed up 39 at 7,259, while mid-cap cousin FTSE 250 went the other direction, shedding over six points to close at 19,065
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Investors look forward to a strategy update from Aviva's new boss, meanwhile, they are braced for CMC Markets results after the recent profit warning.
Grace Jones' Slave to the Rhythm might well have been about the pressure of a progressive dividend policy: 'Build on up, don't break the chain; Sparks will fly when the whistle blows'
Builders and building materials
The housebuilder has made “good progress” on driving margin improvements, while it has also managed to keep a lid on costs, something its peer Taylor Wimpey recently said it had struggled with
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Thursday's preview includes BT Group, Superdry, Morrisons, Barratt Developments, and RSA Insurance.
The FTSE 250 transport group said Ryan Mangold would take up the CFO position, filling the vacancy left by Matthew Gregory who was promoted to chief executive last year
"Previous commentary from the sector and the forecast consensus has been too bullish," says Shore Capital analyst, Robin Hardy
The housebuilder has kept its full-year guidance on hold though, with record sales rates offsetting the squeeze on margins
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The FTSE 100 index closed 37.62 points, or 0.5% lower at 7,434.13, albeit above the session low of 7,405.99 as US stocks continued to post big falls on Thursday
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Aside from Barclays numbers, the Day Ahead will also bring updates from the likes of Taylor Wimpey and RELX, plus the final CMA decision on the planned Sainsbury's/Asda merger
Investments and investor services
Mid-cap cousin FTSE 250 was also lower, shedding around 56 points at 19,507
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Away from the ex-divs, Saga, Electrocomponents and EntertainmentOne are all due to come to the market with trading updates or results
A raft of broker upgrades, some Brexit cheer and the strong performance of one of the sector's minor players helped boost sentiment
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The FTSE 250 though, seen as a better indicator of the state of UK companies, closed down around 41 points at 19,347.
Taylor Wimpey's order book stood at 8,304 units as at the end of 2018, up from 7,136 a year earlier
The UK's blue chip index closed down nearly 44 points at 7,107. Meanwhile, mid-cap cousin FTSE 250 fell more than 116 at 19,513
More than 190,000 people have used Help to Buy since the programme was launched in 2013, government data revealed on Tuesday
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Shareholders in the blue-chip broadcaster may be approaching the results with some trepidation after it expected a softer fourth quarter in a November update
Investments and investor services
The UK blue-chip index finished around five points ahead at 7,183
Government schemes like help-to-buy and easier mortgage access have meant housebuilders have been able to boost revenues in recent years, but these external conditions are changing
Builders and building materials
The secondary housing market might be flagging of late, but cheap mortgages and the Help to Buy scheme means demand for new builds from first time buyers is soaring
Builders and building materials
Redburn’s analysts said: “Popular commentary continues to paint the UK housing market as weak, but we view activity as remarkably resilient considering Brexit uncertainties"
Investments and investor services
FTSE 100 closed 40 points higher at 6,895, while the mid-cap FTSE 250 closed around 12 up at 18,429.
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The US bank adjusted target prices for a number of other sector players, cutting those for Taylor Wimpey, Crest Nicholson PLC, and Bovis Homes, but raising the target for Redrow
Investments and investor services
Footsie closed down over 63 points at 6,855 on the day
Its stance on the sector as a whole as also become 'less negative'
Investments and investor services
The UK blue-chip benchmark closed down around 24 points at 6,918, while FTSE 250 added nearly 107 points on the day
Russ Mould, investment director at AJ Bell said: “In normal circumstances, a yield of 10% or more is usually a reliable indicator that the market doesn’t believe the payout is sustainable”
The housebuilder said it ended 2018 with an "excellent" total order book valued at £1,782mln as at 31 December 2018, up from £1,628mln a year earlier, excluding joint ventures
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The UK blue-chip benchmark added around 45 points at 6,906, while FTSE 250 surged even higher.
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The post-Christmas assessment of the high street will carry on unabated on Wednesday, with updates expected from Ted Baker, Topps Tiles and Majestic Wines
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The Week Ahead will bring trading updates from the likes of M&S and Debenhams on the general retail front and all three of the listed UK supermarket groups – Morrisons, Sainsbury’s, and Tesco
Investments and investor services
For Ocado, it was a case of "eat my shorts" as short sellers got burnt while for BATS, not enough cigarettes got burnt as e-cigarettes rose in popularity
Investments and investor services
At the close, the UK blue-chip index was 9.24 points higher at 6,721.17 just below the late session peak of 6,733.00 and well above the early low of 6,653.65
Builders and building materials
UBS and Shore Capital both acknowledge that trading is likely to get tougher for housebuilders but they also reckon that the market has knocked a bit too much off their share prices
Builders and building materials
The City broker has slashed price targets for almost every UK housebuilder, while it has also downgraded a handful of companies in the sector
Builders and building materials
In a note to clients, the broker upgraded Barratt, Bovis Homes, and Crest Nicholson to ‘Buy’ from ‘Hold’ off what it said was an upside of “at least 20%” if a smooth Brexit materialised
“Whilst current forward indicators for sales continue to be solid, unsurprisingly due to the heightened political and economic uncertainty, we have seen some signs of customer caution, particularly in the south east”
Investments and investor services
The UK blue-chip benchmark closed up 0.68 at 7,053, while the FTSE 250 added over 174 points at 18,985
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The City diary is filled to the brim, with updates expected from Taylor Wimpey, McCarthy & Stone, Vodafone, Premier Foods, Experian and many more
On Wall Street, the Dow Jones Industrial Average is down over 423 points at 25,565, while the S&P 500 is off around 37
Investments and investor services
The Footsie closed down nearly 92 points at 7,418, while the other major European benchmarks were also lower.
Investments and investor services
DFS and Electrocomponents are set to be among Thursday's highlights.
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The week ahead includes Tesco interims, full-year earnings from DFS Furniture and Ferguson, an Electrocomponents trading update and the US non-farm payrolls report
The UK blue chip index rose 34 points to 7,308 around 3.40pm
The Footsie closed the day in positive territory, just, but was down on the week as a whole
Taylor Wimpey remains on track to meet its expectations for 2018
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Aside from the oil giant's second-quarter numbers, results are also due from the likes of Centrica, Standard Chartered, Taylor Wimpey, Just Eat, and Greggs
Berenberg has initiated coverage on 11 house-builders and not one of them is a 'sell' in its book
The UK blue-chip index closed around 50 points lower at 7,658, while FTSE 250 was also down - over 99 points at 20,753
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In London, FTSE 100 shed 23 points to 7,655, while FTSE 250 shed over 155 points at 20,770
Investments and investor services
Tariffs are to be imposed on steel and aloooooooooomin'm imported from Canada, Mexico and the European Union.
Investments and investor services
Platinum refiner Johnson Matthey provides one of the week’s rare blue-chip appearances, whereas FirstGroup investors will want answers after management snub takeover advances recently.
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Week Ahead also includes full-year results from platinum refiner Johnson Matthey PLC, transport operator Firstgroup PLC, and discount retailer B&M European Value Retail SA
So long as the tax-payer continues to subsidise the new-build market, everything looks rosy for the house builder
It's less than a week since it issued a brief trading statement at the time of its announcement about the resignation of its chief financial officer, so today's AGM statement contained few surprises
The FTSE 100-listed housebuilder said that Ryan Mangold will be leaving his role as group finance director on 20 April 2018 after almost eight years in the position
Shire shares propped up the rest of the Footsie leader-board despite Takeda unveiling an improved offer for the drugs maker
The UK bluechip-benchmark closed over 165 points higher at 7,199, while the FTSE 250 added over 311 points at 19,576
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The day ahead includes March traffic from blue chip airlines easyJet PLC and British Airways owner International Airlines Group PLC, plus a trading update from Electrocomponents PLC
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The week ahead includes interims from Topps Tiles, traffic statistics from easyJet and IAG, a trading statement from Electrocomponents and the US non-farm payrolls report
Investments and investor services
The Footsie may have mainly traded sideways throughout the day but there have been some notable movements among blue-chips.
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Day ahead includes full-year results from blue chips including broadcaster ITV PLC, housebuilder Taylor Wimpey PLC, motor insurer Admiral PLC, and mid cap estate agents Foxton's PLC
Investments and investor services
Andrea Williams, the new chief executive officer, is conducting a strategic review of the operating businesses and putting in place measures to stabilise the business, reduce operating costs and grow net fee income.
Shares fell as analysts warned margins could come under pressure in a slower housing market
Investments and investor services
The UK blue chip index rose to a new record high on Wednesday
Deutsche Bank expects Sainsbury’s will report a 0.4% gain in LFL sales from the year before, having revised this forecast down from its previous prediction of a 1.3% increase
The non-farm payroll number beat consensus expectations, coming in at 228,000
Builders and building materials
Land promoters will likely be the ones under the real pressure to offload sites they have no intention of developing, which could make it cheaper for housebuilders to buy up land
Taylor Wimpey remains cautious about the outlook amid Brexit uncertainty
Sterling's decline is good news for the FTSE100, which has a lot of big dollar earners in its midst
Attention now switches to Theresa May's speech on Brexit in Florence
Investments and investor services
Capita is among the blue-chip names on Thursday's agenda.
A look at some of the biggest risers and fallers in London today
The FTSE 100 index closed up 20.23 at 7,531, below the session peak of 7,533.74 and well above the day’s low of 7,511.71