News Tag: Taylor Wimpey
November 4, 2009
Taylor Wimpey has described UK housing market conditions as "significantly better" than a year ago.
In a trading update covering 1st July to 4th November, the group said a gradual improvement in mortgage availability and a recent increase in housing starts was contributing to positive sentiment.
The firm has not experience the usual seasonal slowdown over the summer months and sales rates have ...
Taylor Wimpey reports “solid” autumn sales
by Gill Montia
June 23, 2009
Taylor Wimpey claims to have the "perfect solution" for would-be homemovers who are excluded from the best mortgage deals because of they have too small a deposit.
According to the developer, 49% of homeowners are in need of more space and many are being forced to put their next move on hold.
Taylor Wimpey has therefore launched its "Deposit Match" scheme, currently available ...
Taylor Wimpey launches Deposit Matcher
by Gill Montia
November 12, 2008
Taylor Wimpey is the latest housebuilder to reveal the full extent of the downturn in the UK property market.
The company has revealed that its order book for the first 44 weeks of 2008 fell by around 40%, to 6,607.
The figure compares with 11,074 over the same period of 2007.
During the six months to the end of June, the average selling ...
Taylor Wimpey order book down 40%
by Gill Montia
November 11, 2008
Cable, internet and phone company, Virgin Media, has announced today it is cutting 2,200 jobs from its 14,600 workforce.
The job losses, which represent 15% of its workforce, are part of major restructure and will save up to £120 million ($186.4 million) over the next 4 years.
Sources close to the company ...
UK unemployment set to rise with Virgin Media, Taylor Wimpey, GSK and Psion announcing job losses
by Kay Murchie
August 28, 2008
Taylor Wimpey, the UK's biggest housebuilder, has reported a catastrophic slide in sales during the first half of the year.
Sales of the group's homes fell nearly 31%, to 8,494, during the six month to the end of June.
According to a report in The Times, the level of sales equates to half-a-house per week across the developer's sites.
At the same ...
Taylor Wimpey house sales plummet by one-third
by Gill Montia
July 2, 2008
Housebuilder Taylor Wimpey has announced that it has failed to secure £500 million from shareholders in a bid to shore up its balance sheet.
Following the news today, shares in the company plummeted 46% to 32.25p.
The company, which was formed by the merger of Taylor Woodrow and George Wimpey last July, said that if it is unable to ...
Taylor Wimpey fails to secure funding, shares fall 46%
by Kay Murchie
June 29, 2008
Housebuilder Taylor Wimpey is close to receiving a huge cash injection in a bid to shore up its balance sheet.
The rescue is being co-ordinated by investment bank UBS, and JP Morgan Cazenove.
The agreement, which is believed to raise as much as £500 million could be reached by Wednesday, at which time a trading update is due, which is expected to be ...
£500m cash injection for Taylor Wimpey
by Kay Murchie
April 18, 2008
The UK's mortgage famine has led Taylor Wimpey to warn of difficult times ahead for the house building group.
In a trading update, the company reported that since January, its order book for new homes has declined 26% in value compared with the same period of 2007.
In a previous update last month, a 20% fall was announced and the revised figure ...
Taylor Wimpey new house sales fall 26%
by Gill Montia
