Taylor Wimpey (TW.)

Sector:

Household Goods

Index:

FTSE 100

158.75p
   
  • Change Today:
    -0.45p
  • 52 Week High: 236.20
  • 52 Week Low: 101.50
  • Currency: UK Pounds
  • Shares Issued: 3,284.09m
  • Volume: 14,339,565
  • Market Cap: £5,214m

Minister issue standards warning to Help to Buy home builders

By Abigail Townsend

Date: Wednesday 27 Mar 2019

LONDON (ShareCast) - (Sharecast News) - A government minister has warned developers that the standard of new homes needs to improve if they are to continue working with the taxpayer-funded Help to Buy scheme.
James Brokenshire, Secretary of State for Housing, Communities and Local Government, told the annual conference of the Home Builders Federation on Tuesday: "For most people, buying a home is one of the biggest financial and emotional investments of their lives. And for that to go from being a cherished dream to becoming a nightmare of snagging problems months after moving in and punitive costs is simply unacceptable."

According to The Times, Brokenshire said he would be "considering carefully how the developers who work with us meet the standards and quality that customers expect and deserve" before an updated Help to Buy scheme is launched in 2021.

Help to Buy was introduced in 2013. Intended to give people on lower incomes access to the soaring property market by providing interest-free government loans, the scheme has been lambasted by some for propping up house prices while lining the pockets of housebuilders.

FTSE 100 firm Persimmon came under earlier this year when it posted record pre-tax profits of £1.09bn, the largest ever posted by a UK housebuilder. Almost half of Persimmon's house sales are made through the taxpayer-funded scheme.

Persimmon has also been criticised for the quality of its homes, with the Home Builders Federation customer satisfaction survey giving it just a three star ranking. Fellow blue chip housebuilders Taylor Wimpey and Barrett Developments have five stars.

Under new chief executive Dave Jenkinson, however, Persimmon is attempting to improve customer service, and earlier this month said it would allow homebuyers to withhold an average of £3,600 per home until all faults are fixed. Former chief Jeff Fairburn was ousted last year after he was paid a £75m bonus, causing an outcry over excessive executive pay.

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Taylor Wimpey Market Data

Currency UK Pounds
Share Price 158.75p
Change Today -0.45p
% Change -0.28 %
52 Week High 236.20
52 Week Low 101.50
Volume 14,339,565
Shares Issued 3,284.09m
Market Cap £5,214m

Taylor Wimpey Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.68% above the market average86.68% above the market average86.68% above the market average86.68% above the market average86.68% above the market average
61.54% above the sector average61.54% above the sector average61.54% above the sector average61.54% above the sector average61.54% above the sector average
Price Trend
14.73% above the market average14.73% above the market average14.73% above the market average14.73% above the market average14.73% above the market average
38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average
Income
84.58% above the market average84.58% above the market average84.58% above the market average84.58% above the market average84.58% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
38.9% below the market average38.9% below the market average38.9% below the market average38.9% below the market average38.9% below the market average
15.38% below the sector average15.38% below the sector average15.38% below the sector average15.38% below the sector average15.38% below the sector average

What The Brokers Say

Strong Buy 12
Buy 1
Neutral 4
Sell 0
Strong Sell 0
Total 17
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Taylor Wimpey Dividends

  Latest Previous
  Interim Final
Ex-Div 03-Oct-19 04-Apr-19
Paid 08-Nov-19 17-May-19
Amount 3.84p 3.80p

Trades for 04-Jun-2020

Time Volume / Share Price
16:35 4,033,956 @ 158.75p
16:29 28 @ 159.25p
16:29 3 @ 159.25p
16:29 66 @ 159.25p
16:29 2,432 @ 159.25p

Taylor Wimpey Key Personnel

CEO Pete Redfern
Chair Irene Dorner

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