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Taylor Wimpey plc (LON:TW)’s full year revenues rose 3.2% to £4.4bn. This was driven by higher average selling prices which rose 4% to £313,000. Operating profits increased from £828.6m to £923.4m, a record figure for Taylor Wimpey. This was helped by tighter cost controls and a reduced spend on new land as the group reacted to lower sales rates in the second half of the year. Q4 2022 hedge fund letters, conferences and more Total group completions fell slightly, down from 14,302 to 14,154 this year. The order book fell from £2.6bn to £1.9bn, excluding joint ventures. Net cash increased 3.2% t...
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Taylor Wimpey plc (LON:TW) reported first half revenue of £2.1bn, down 5.4% as the group lapped record performance last year. Excluding joint ventures, the group completed on 6,760 homes, down from 7,303 last year but ahead of guidance. Planned land sales and strong performance from Joint Ventures pushed margins up, helping operating profit stay broadly flat at £424.6m. Q2 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorThe group now expects full year operating profit toward the top end of £873-£924m. That’s driven by average selling prices that are expected to ...
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Look ahead to FTSE 350, other companies reporting & economic events from 25 to 29 April Forward sales at Taylor Wimpey plc (LON:TW) will be a key indicator of how much buyers have left in the tankWatching for progress on Cloud profitability at Alphabet Inc (NASDAQ:GOOGL) will be keyWill Meta Platforms Inc (NASDAQ:FB)’s shares continue to be unlovedWe should find out if Barclays PLC (LON:BARC)’s mis-selling scandal has resulted in any further costsChinese supply disruption could take some of the shine off Apple Inc (NASDAQ:AAPL)’s outlook statementDigging into rising operating costs will be a p...
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“The spectre of stagflation has reared up over the UK economy with the growth forecast revised sharply downwards while higher prices are set to be entrenched for many months to come. The invasion of Ukraine and soaring commodity prices have upended previous forecasts from the UK’s independent Office for Budget Responsibility, which now expects the economy to grow at a much slower pace of 3.8% this year, instead of 6%, and inflation to come in at an average of 7.4%. It means consumers and businesses will have to buckle up to withstand a bout of serious price rises in the next few months, as the...
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Taylor Wimpey plc (LON:TW) expects to report full year results in-line with guidance. Operating profit is expected to be around £820m, with operating margins of 21-22%. The group has benefited from strong demand thanks to low interest rates and good mortgage availability. Higher house prices offset rising building costs over the year. Q4 2021 hedge fund letters, conferences and more More information on shareholder returns will be released with the full-year results in March. The shares rose 1.4% following the announcement. Taylor Wimpey's Strong FoundationsMatt Britzman, Equity Analyst at Harg...
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Taylor Wimpey plc (LON:TW) CEO Pete Redfern has announced plans to step down. He will remain in the role until a replacement has been found and the handover process is complete. No one has been named for the position as yet. Q3 2021 hedge fund letters, conferences and more Redfern said, “The business is in excellent health and is well positioned for strong future growth. Accordingly, I am confident that now is the right time for fresh leadership as Taylor Wimpey starts the next chapter.” The shares were broadly flat following the announcement. Taylor Wimpey CEO Stepping DownLaura Hoy, Equity A...
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