Taylor Wimpey (TW.)

Sector:

Household Goods

Index:

FTSE 100

202.20p
   
  • Change Today:
    -3.10p
  • 52 Week High: 236.20
  • 52 Week Low: 142.90
  • Currency: UK Pounds
  • Shares Issued: 3,283.52m
  • Volume: 31,207,939
  • Market Cap: £6,639m

Housebuilders face competition probe over leases

By Sean Farrell

Date: Friday 17 May 2019

LONDON (ShareCast) - (Sharecast News) - The competition regulator will investigate housebuilders over the alleged mis-selling of thousands of leasehold properties after pressure from ministers.
The Competition and Markets Authority said it would investigate new-build homes sold on leases with large increases to ground rents and charges for fees permitting home improvements, the Daily Mail reported.

As many as 100,000 households are living in homes with "onerous" leases including doubling of ground rents or high fees for minor home improvements. Housebuilders could have the contracts overturned and face legal action if the CMA finds against the companies.

James Brokenshire, the communities secretary, has accused developers of "a culture of consumer exploitation" and the House of Commons' housing committee has said the affair could be housebuilders' PPI. Mis-selling of payment protection insurance is the biggest mis-selling scandal for UK banks.

Many families are trapped in unsellable homes because of soaring ground rents and charges for permission to change carpets or add a conservatory. Housebuilders such as Taylor Wimpey and Persimmon have said the terms of leases were explained to buyers, the Mail said.

Housebuilders registered slight declines in their share prices on Friday. Barratt Developments fell 0.5%, Taylor Wimpey was down 0.2% and Persimmon dropped 0.1% at 0839 BST.

Email this article to a friend

or share it with one of these popular networks:


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 202.20p
Change Today -3.10p
% Change -1.51 %
52 Week High 236.20
52 Week Low 142.90
Volume 31,207,939
Shares Issued 3,283.52m
Market Cap £6,639m

Taylor Wimpey Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
73.69% above the market average73.69% above the market average73.69% above the market average73.69% above the market average73.69% above the market average
62.96% above the sector average62.96% above the sector average62.96% above the sector average62.96% above the sector average62.96% above the sector average
Price Trend
77.73% above the market average77.73% above the market average77.73% above the market average77.73% above the market average77.73% above the market average
18.52% above the sector average18.52% above the sector average18.52% above the sector average18.52% above the sector average18.52% above the sector average
Income
91.91% above the market average91.91% above the market average91.91% above the market average91.91% above the market average91.91% 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
47.66% below the market average47.66% below the market average47.66% below the market average47.66% below the market average47.66% below the market average
25.93% below the sector average25.93% below the sector average25.93% below the sector average25.93% below the sector average25.93% 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
  Final Special
Ex-Div 02-Apr-20 04-Jun-20
Paid 15-May-20 10-Jul-20
Amount 3.80p 10.99p

Trades for 28-Feb-2020

Time Volume / Share Price
16:41 15,000 @ 194.25p
16:35 5,415,667 @ 202.20p
16:29 6,654 @ 202.00p
16:29 1,082 @ 202.00p
16:29 1,850 @ 202.00p

Taylor Wimpey Key Personnel

CEO Pete Redfern
Chair Irene Dorner

Top of Page