Taylor Wimpey hails UK housing recovery as FY profits rise
26th Feb 2014 07:00
Housebuilder Taylor Wimpey said the UK housing market was showing "significant recovery" for the first time in five years as it increased annual operating profits by 39 per cent to 312.9m pounds. The group, whose revenue in the year to December 31st rose 13.7% to £2.3bn, also said it was returning
Read moreLondon pre-open: FTSE to extend Tuesday's gains
15th Jan 2014 07:40
- FTSE to open 16 points higher - US markets recover on retail sales data - Quiet day expected with focus on earnings City sources predict the FTSE 100 will open 16 points above yesterday's close of 6,766.86, building on Tuesday's modest rise of 10 points late in the session. Overnight, US market
Read moreTaylor Wimpey enters 2014 strongly amid housing upturn
15th Jan 2014 07:06
UK housebuilder Taylor Wimpey said it was in a strong position as it entered 2014 as a result of the market recovery, but said it expected to increase housing sites only modestly during the year. Taylor said there was a "meaningful" improvement in market conditions in 2013 after several years of a
Read moreWednesday preview: Taylor Wimpey trading update ahead
14th Jan 2014 14:36
Taylor Wimpey is expected to report strong underlying market conditions when it releases its full-year trading statement on Wednesday, according to Numis. The housebuilder has recently enjoyed the benefits of a pick-up in prices in the sector, supported by government schemes. Numis said the firm'
Read moreLondon close: Markets close higher in shortened session, Debenhams sinks
31st Dec 2013 12:48
- Real estate, housing stocks buoy markets - Debenhams drops after gloomy Christmas update - FTSE 100 up 14.4 per cent in 2013 - US data in focus later on techMARK 2,781.28 -0.02% FTSE 100 6,749.09 +0.26% FTSE 250 15,935.35 +0.22% Stocks finished moderately higher in a shortened session on Tuesday
Read moreLondon midday: Markets hold on to gains but Debenhams drops
31st Dec 2013 11:36
- Real estate, housing stocks buoy markets - Debenhams drops after gloomy Christmas update - US data in focus later on techMARK 2,781.38 -0.02% FTSE 100 6,750.03 +0.28% FTSE 250 15,900.19 -0.00% The FTSE 100 held on to gains on Tuesday morning despite a trading update from Debenhams dampening sent
Read moreLondon close: Stocks surge as strong US data offsets taper fears
6th Dec 2013 16:55
- FTSE 100 rebounds strongly on US jobs beat - Taper expectations brought forward - Oil, housing stocks provide a lift techMARK 2,670.64 +0.85% FTSE 100 6,551.99 +0.83% FTSE 250 15,317.05 +1.05% After falling to an eight-week low the previous session, the FTSE 100 rallied on Friday after a much be
Read moreFTSE 250 movers: Berkeley lifts housebuilders higher after strong results and guidance
6th Dec 2013 15:29
Housebuilder Berkeley Group surged on Friday after reporting a 19.2 per cent jump in first-half profits and saying that full-year earnings could come in at the top end of analysts' expectations due to an earlier-than-expected completion of one its housing schemes in London. The company said that th
Read moreLondon midday: Markets bounce back ahead of US data
6th Dec 2013 11:31
- FTSE 100 rebounds from worst level in eight weeks - Oil, housing stocks provide a lift - Markets focus on non-farm payrolls ahead of Fed meeting techMARK 2,657.20 +0.34% FTSE 100 6,536.26 +0.58% FTSE 250 15,210.58 +0.35% Strong gains in oil and housing sectors were providing a lift in London on
Read moreLondon open: Housing, oil stocks help markets rebound from eight-week low
6th Dec 2013 08:52
- Housing and oil stocks provide a lift - Focus on Fed ahead of non-farm payrolls - Berkeley jumps as strong housing demand boosts H1 results techMARK 2,650.07 +0.07% FTSE 100 6,518.46 +0.31% FTSE 250 15,166.21 +0.06% The FTSE 100 rebounded slightly on Friday from an eight-week low, as bargain hu
Read moreLondon close: FTSE 100 flat despite gains in banking sector
29th Nov 2013 16:35
- Markets flat despite banking strength - Volumes pick up but still on the low-side - German, US markets continue to set new highs techMARK 2,673.94 +0.22% FTSE 100 6,650.57 -0.06% FTSE 250 15,466.56 +0.23% UK markets finished broadly flat on Friday despite trading volumes picking up slightly foll
Read moreLondon midday: Stocks rise, US futures point up as Wall Street re-opens
29th Nov 2013 11:46
- Miners lead markets higher as metals prices rise - S&P lifts Spanish outlook, Eurozone unemployment falls - UK consumer confidence falls again - US futures up, retailers in focus on Black Friday techMARK 2,677.17 +0.34% FTSE 100 6,670.61 +0.24% FTSE 250 15,483.33 +0.33% UK markets were registeri
Read moreBroker snap: 'Don't panic' housebuilders, says UBS
29th Nov 2013 10:08
'Don't panic' is the message being given to housebuilders by UBS after the Bank of England (BoE) announced that they are removing the Funding for Lending Scheme (FLS) to support mortgage lending from 2014. However, the bank warned of other more serious threats to the industry and the potential for
Read moreLondon open: Miners lift FTSE 100 higher early on
29th Nov 2013 08:44
- Trading volumes to pick up later on, says analyst - UK consumer confidence falls again - Miners gain; housebuilders extend losses techMARK 2,674.86 +0.26% FTSE 100 6,666.33 +0.18% FTSE 250 15,468.87 +0.24% UK markets edged higher in early trading on Friday following a quiet session the day befor
Read moreBank's FLS revision opens buying window for housebuilders
28th Nov 2013 16:39
Shares in UK housebuilders subsided markedly today after the government said it would scale back its scheme to boost mortgage lending as the property market continues to improve, which offers investors underweight the sector an opportunity to buy. As house price inflation looks set to accelerate
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