Taylor Wimpey hires Jennie Daly as CEO to succeed Pete Redfern
Daly is currently group operations director of Taylor Wimpey, having joined from Redrow in 2014
Company
Taylor Wimpey PLC
LON:TW.
Taylor Wimpey plc is a dedicated homebuilding company with operations in the UK, North America, Spain and Gibraltar.
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Taylor Wimpey highlighted by Berenberg in underperforming housebuilding sector
In its latest research note on the sector, Berenberg singled out Taylor Wimpey PLC, which it added to its list of top picks last November when it replaced Bellway on the list.
Taylor Wimpey confident about housing market and coming year
Orders at the end of 2021 were worth £2.55bn with 47% of this year’s planned completions already sold
Packed diary ahead, as Entain, Primark, BHP joined by Netflix, Goldman as US earnings season warms up
Others updating include JD Wetherspoon, Taylor Wimpey, Rio Tinto, AJ Bell and CMC Markets
Builders and building materials
Taylor Wimpey drops rent-doubling contracts after settlement with UK watchdog
The rent-doubling contracts meant homeowners often struggled to sell or obtain a mortgage on their home
Taylor Wimpey chief Pete Redfern to step down after 14 years
Redfern will stay on as CEO until a suitable candidate has been identified
Taylor Wimpey on track to meet full-year forecasts as sales rate remains strong
"Looking ahead, market conditions remain supportive, and with the benefit of our strong land position we are well placed to deliver against our medium term targets," said chief executive Pete Redfern
Builders and building materials
UK house prices rise 0.7% in August but annual growth slows – Halifax
The government's stamp duty holiday ends on 30 September
Taylor Wimpey raises profit target after record first half
The FTSE-100 housebuilder now expects operating profit in 2021 to exceed £820mln
Archive
FTSE 100 ends modestly higher as US stocks retreat after ADP jobs shocker
At the close, the UK blue-chip index was 18.14 points, or 0.3% higher at 7,123.86, below the day’s peak of 7,142.54 but above the session low of 7,105.72
Archive
Legal & General and Taylor Wimpey key results mid-week
Macro events will also be in the diary with PMI data due from the UK and the US as well as the latest set of ADP jobs numbers
Taylor Wimpey concerned over 2025 emissions target
Heat pumps would be less efficient, more expensive and less reliable
Archive
FTSE 100 closes modestly higher, well below day's peak as US stocks drift off their best levels
At the close, the UK blue-chip index was 14.58 points, or 0.2% higher at 7,087.55, above the session low of 7,071.86 but well below the morning peak of 7,120.77
Taylor Wimpey top pick for Credit Suisse among housebuilders
“We also see the cladding and fire safety provisions as taken out of prudence rather than risk.”
Taylor Wimpey says sales and prices rise in healthy housing market
There will be no special dividend in 2021, but the housebuilder will review the position next March
Builders and building materials
Taylor Wimpey and Countryside told to change ground rent contracts or face court action
All terms that the CMA considers to be unfair have to be removed and cannot be used again
Taylor Wimpey resumes dividend and sets aside £125mln for fire safety repairs
Profits in 2020 were down 68% at £264mln but the dividend is restarted
Archive
FTSE 100 closes in green but Wall Street lags as traders lack direction
Supermarket stocks are not getting much love despite what looks like a bumper month for online sales last month
Builders and building materials
Taylor Wimpey upgraded, Barratt downgraded as Jefferies highlights resilience of housing market demand
The broker also retained Persimmon as its top pick in the sector, saying they expected the shares to see “continued upward momentum” into 2021
Builders and building materials
Two upgrades, two downgrades as Barclays still sees value in UK housebuilders
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