Friday preview: Taylor Wimpey, UK Coal

18th Jun 2009 15:22

Fallen housing giant Taylor Wimpey holds its AGM on Friday, the day after figures from the Council of Mortgage Lenders (CML) revealed that the UK housing market is still in a slump.The CML said gross mortgage lending dipped to £10.3bn last month from £10.5bn in April, but held above February's £10bn low.Last month the company tapped the market for £510m, with around 78% of the shares on offer taken up by Taylow Wimpey shareholders. The rump of the issue was taken up by institutional shareholders, hopeful that the UK housing market has now bottomed out. If house sales pick up, that would improve Taylor Wimpey's ability to service its debts through cash flow, leaving some of the £510m available to take advantage of depressed property prices.Coal miner UK Coal also holds its AGM tomorrow. The share price has fallen steadily since the beginning of the month having been on a good run since March, helped by deals with electricity groups Drax, EON and EDF Energy, plus new customer Scottish and Southern Energy.INTERIMS Xploite INTERIM DIVIDEND PAYMENT DATE Aero Inventory, Carluccio's, Freshwater UK, ITE Group, Lowland Investment Co., Sage Group QUARTERLY PAYMENT DATE M&G Equity Inv Trust Income Shares INTERNATIONAL ECONOMIC ANNOUNCEMENTS BoJ Intrest Rates Minutes (JPN) (00:50) Producer Price Index (GER) (07:00) Wage Growth (FRA) (07:45)AGMS Albion Technology & General VCT, Albion Technology & General VCT 'C' Shares, Anglo-Eastern Plantations, Matica, Mercury Recycling, Narborough Plant, Taylor Wimpey, UK Coal, Westminster Group FINAL DIVIDEND PAYMENT DATE Carillion, Chime Communications, China Medical System Holdings, DataCash Group, Derwent London, Genetix Group, Intertek Group, Invesco Perpetual European Absolute Return Trust, Kingfisher, M. P. Evans Group, Martin Currie Portfolio Trust, Midas Income & Growth Trust, Pacific Assets Trust, Provident Financial, Quarto Group, Ted Baker FINAL EX-DIVIDEND DATE China Shoto