TWODY News and Press, Taylor Wimpey Plc ADR From 09/22/23

2023-09-22 17:30:24 ET Summary The Bank of England's decision to hold interest rates as inflation fell more than expected, can be seen that the rate hike cycle has peaked, or is close. While housing market growth is still softening, this is the first sign of a turn in the cycle fo...

2023-09-22 13:13:23 ET Summary In line with the U.S. Fed earlier this week, the Bank of England kept interest rates unchanged yesterday as inflation fell faster than expected recently. FTSE 100 property stocks saw an uptick, as they see weaker demand due to rising mortgage rates a...

2023-08-10 08:17:15 ET Summary Persimmon Plc is a leading house builder in the United Kingdom. Persimmon has grown its revenue at a CAGR of 8%, reflecting attractive industry dynamics in the UK. We are bullish on the UK housing market given the systemic issues, such as the und...

2023-08-05 14:14:05 ET Taylor Wimpey plc (TWODF) Q2 2023 Results Conference Call August 02, 2023 03:30 AM ET Company Participants Jennie Daly - CEO Chris Carney - Group Finance Director Conference Call Participants William Jones - Redburn Rajesh Patki...

2023-07-10 23:47:00 ET Summary The UK is apparently teetering on the edge of a recession, the UK’s long-ticking mortgage time-bomb is in the process of exploding and the FTSE 100 has fallen back towards 7,000, where it has spent most of the last 25 years. After falling back...

2023-06-28 15:55:02 ET Summary Taylor Wimpey's stock price has risen by 21.4% since December last year, despite economic uncertainties. The company's market valuations are attractive, with a TTM price-to-earnings (P/E) ratio of 6x, which is lower than its peers. Risks to consi...

2023-05-27 23:47:49 ET Summary UK's leading house builder Persimmon has seen a 17.5% price rise in 2023 so far despite weakening in the housing market. Even though PSMMF's recent trading update reflects this softening, its P/E at below the long-term average still makes it attracti...

2023-03-08 05:00:00 ET Summary Rising salaries and modestly declining house prices should take some pressure off the elevated affordability ratios. The target imposed mandatory housebuilding targets on local councils that were deemed not to be objective. The UK housebuilder se...

Taylor Wimpey plc (TWODF) Q4 2022 Results Conference Call March 02, 2023 4:00 AM ET Company Participants Jennie Daly - CEO Chris Carney - Group Finance Director Conference Call Participants Aynsley Lammin - Investec Ami Galla - Citi Clyde Lewis - Peel H...

Summary UK based house builder Persimmon has seen a 16% jump so far in 2023 after an awful 2022. Can it sustain the increase? The UK housing market is poised to weaken both this year and the next, and signs of slowing down are already visible for the company. Weakening financials an...