Tag: Taylor Wimpey

Taylor Wimpey returns to full-year profit

Taylor Wimpey returns to full-year profit

Taylor Wimpey, which was formed by the merger of Taylor Woodrow and George Wimpey, today said it had returned to profitability but remains cautious. The housebuilder, which is the country’s third largest by value, said pre-tax profit before exceptional items came in at £75.1 million for the 2010 year - against a loss of £96.1 [...]

March 3, 2011 | 0 Comments More
Taylor Wimpey sees trading in line with expectations

Taylor Wimpey sees trading in line with expectations

Housebuilder Taylor Wimpey today said it had experienced a homebuyer slowdown, as a result of the Government’s spending cuts, which has deterred potential buyers. Its comments echo those of Persimmon who yesterday said there was little evidence of the traditional autumn period which usually sees families flock to new housing developments as the school summer [...]

November 16, 2010 | 0 Comments More
Taylor Wimpey: UK housing market “relatively robust”

Taylor Wimpey: UK housing market “relatively robust”

Taylor Wimpey has reported “relatively robust” UK housing market conditions over the first half of 2010, having achieved 4,804 legal completions, up slightly from 4,702 a year earlier. The group sold 3,925 homes to private buyers and 866 to affordable housing providers, with the remainder joint ventures. Encouragingly, the developer’s cancellation rate scaled back to [...]

August 5, 2010 | 0 Comments More
Shortage of new builds to underpin UK house prices

Shortage of new builds to underpin UK house prices

Housebuilder, Taylor Wimpey, has declared that the underlying shortfall of new build housing and strong levels of demand will continue to underpin UK house prices. The developer is wary of the “ongoing political and economic uncertainty” and warns that a shortage of building land will “artificially constrain” the recovery in new house building, in the [...]

June 30, 2010 | 0 Comments More
Taylor Wimpey upbeat on buyer confidence

Taylor Wimpey upbeat on buyer confidence

Taylor Wimpey describes UK housing market conditions as “encouraging” since the start of the year, with continued gradual improvements in mortgage availability and buyer confidence. Britain’s second-biggest house builder estimates that it has achieved 99% of its half-year sales targets and 74% for the full year. Private sales volumes remain in line with a year [...]

April 30, 2010 | 0 Comments More
Taylor Wimpey reports “solid” autumn sales

Taylor Wimpey reports “solid” autumn sales

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 [...]

November 4, 2009 | 0 Comments More
Taylor Wimpey launches Deposit Matcher

Taylor Wimpey launches Deposit Matcher

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 [...]

June 23, 2009 | 0 Comments More
Taylor Wimpey order book down 40%

Taylor Wimpey order book down 40%

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 [...]

November 12, 2008 | 0 Comments More
UK unemployment set to rise with Virgin Media, Taylor Wimpey, GSK and Psion announcing job losses

UK unemployment set to rise with Virgin Media, Taylor Wimpey, GSK and Psion announcing job losses

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 insist that the [...]

November 11, 2008 | 0 Comments More
Taylor Wimpey house sales plummet by one-third

Taylor Wimpey house sales plummet by one-third

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 [...]

August 28, 2008 | 0 Comments More
Taylor Wimpey fails to secure funding, shares fall 46%

Taylor Wimpey fails to secure funding, shares fall 46%

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 [...]

July 2, 2008 | 0 Comments More
£500m cash injection for Taylor Wimpey

£500m cash injection for Taylor Wimpey

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 [...]

June 29, 2008 | 0 Comments More
Taylor Wimpey new house sales fall 26%

Taylor Wimpey new house sales fall 26%

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% [...]

April 18, 2008 | 0 Comments More