MARKET TALK: Taylor Wimpey Update Shows Recent Trading Higher

28th Jun 2010 07:59

0659 GMT [Dow Jones] Taylor Wimpey's (TW.LN) update shows that trading has strengthened in recent weeks, after a slight softening in sales around the time of the general election, says Shore Capital. Says management is continuing to focus on price improvements rather than volumes. Elsewhere, notes that net debt remains relatively high at about GBP650M. Keeps Taylor Wimpey at hold. Prefers Berkeley Group (BKG.LN) rated at buy, which has a strong balance sheet and favorable skew towards London and the south-east region. Taylor Wimpey shares closed Friday at 30p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 28, 2010 02:59 ET (06:59 GMT)