Taylor Wimpey says outlook for current year buoyed by strong orders
The housebuilder said it ended the year with a total order book valued at £2.68bn or 10,685 homes
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 downgraded by Deutsche Bank after bullish update
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
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The total order book, excluding joint ventures, stood at 11,530 homes or roughly £3bn at November 1
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“We are now operating safely at c.80% production capacity and expect to deliver around 40% less completions in 2020"
Archive
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Taylor Wimpey taking punchy bet on a housing market recovery, say analysts
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.
Taylor Wimpey raises £500mln and goes on land buying spree
Sales demand has been strong since it reopened sales centres, the FTSE 100-listed housebuilder said
Taylor Wimpey sees resurgence of bookings as sales centres reopen
The housebuilder has started to look at buying land again
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Builders and building materials
Housebuilders to re-start work at construction sites despite coronavirus health warning
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”
Taylor Wimpey to re-open building sites from May
"We are now confident that we have clear plans and processes in place so we can safely start back on site"
Housebuilders: How much of an economic shock from coronavirus can they take?
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
Taylor Wimpey directors cancel pay rises and bonuses
All directors will also take a 30% reduction in their base salary or fees at least until the end of June
Taylor Wimpey sees subdued start to 2020 as it focuses on value
The housebuilder has reiterated operating profit margin target of 21-22% for the current year
Taylor Wimpey welcomes “political stability” and expects similar growth in 2020
The group completed 15,719 houses during the calendar year at an average selling price of £269,000
Will Boohoo's festive numbers confirm it remains 'queen of AIM'?
Tuesday will also see trading updates from Taylor Wimpey and PageGroup, plus half-year numbers from Games Workshop and DFS Furniture
Taylor Wimpey sales resilient despite seeing “increasing customer caution”
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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