Taylor Wimpey (TW.)

Sector:

Household Goods

Index:

FTSE 100

166.35p
   
  • Change Today:
    -0.40p
  • 52 Week High: 192.25p
  • 52 Week Low: 129.30p
  • Currency: UK Pounds
  • Shares Issued: 3,279.83m
  • Volume: 5,458,474
  • Market Cap: £5,456m
  • Beta: 0.01

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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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Taylor Wimpey Market Data

Currency UK Pounds
Share Price 166.35p
Change Today -0.40p
% Change -0.24 %
52 Week High 192.25p
52 Week Low 129.30p
Volume 5,458,474
Shares Issued 3,279.83m
Market Cap £5,456m
Beta 0.01

Taylor Wimpey Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.87% above the market average69.87% above the market average69.87% above the market average69.87% above the market average69.87% above the market average
46.15% above the sector average46.15% above the sector average46.15% above the sector average46.15% above the sector average46.15% above the sector average
Price Trend
16.13% below the market average16.13% below the market average16.13% below the market average16.13% below the market average16.13% below the market average
40.74% below the sector average40.74% below the sector average40.74% below the sector average40.74% below the sector average40.74% below the sector average
Income
96.66% above the market average96.66% above the market average96.66% above the market average96.66% above the market average96.66% 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
16.1% below the market average16.1% below the market average16.1% below the market average16.1% below the market average16.1% below the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average

What The Brokers Say

Strong Buy 9
Buy 0
Neutral 4
Sell 0
Strong Sell 0
Total 13
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 16-Oct-2019

Time Volume / Share Price
11:01 1,154 @ 166.35p
11:01 1,645 @ 166.50p
11:01 580 @ 166.50p
11:01 1,700 @ 166.50p
11:01 1,853 @ 166.45p

Taylor Wimpey Key Personnel

CEO Pete Redfern
Chair Kevin S Beeston

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