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Prices & Quotes - UK Markets - Taylor Wimpey (TW.)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 166.25p
Change Today:
2.60p
Market Cap:
6,062m
Sector:
Household Goods & Home Construction

Taylor Wimpey facing additional repairs costs for London block - report

By Michele Maatouk

Date: Thursday 27 May 2021

LONDON (ShareCast) - (Sharecast News) - Housebuilder Taylor Wimpey is reportedly covering repair costs for a defective London housing block that are in addition to provisions it has already made for potentially unsafe legacy developments following the Grenfell cladding scandal.
According to Bloomberg, the housebuilder is addressing fire-safety issues and other problems following complaints the development has been faulty since it was built.

A person familiar with the matter said those costs won't be covered by the 165m that's already been set aside for safety issues, which only applies to buildings that have become non-compliant since their construction.

A spokesperson for the company told Bloomberg: "We recognise that the work carried out at this development falls below our high standards, for which we sincerely apologise to residents.

"The health and safety of our residents is our first priority and we are committed to undertaking the necessary remedial works at the development at our cost."

The spokesperson declined to give an estimate for the cost of the works.

At 1500 BST, Taylor Wimpey shares were down 2.7% at 167.95p.

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
Price 166.25p
Change Today 2.60p
52 Week High 191.70p
52 Week Low 99.18p
Volume 8,474,119
Shares Issued 3,646.48m
Market Cap 6,062m

Performance Indicators

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Dividend Yield
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Operating Margin
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What The Brokers Say

Strong Buy 16
Buy 2
Neutral 0
Sell 0
Strong Sell 0
Total 18
strong_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 Interim
Ex-Div 01-Apr-21 03-Oct-19
Paid 14-May-21 08-Nov-19
Amount 4.14p 3.84p

Trades for 23-Jul-2021

Time Volume / Share Price
16:35 24,480 @ 166.25p
16:35 521 @ 166.25p
16:35 500 @ 166.25p
16:35 3,849,131 @ 166.25p
16:29 1,750 @ 165.95p

Taylor Wimpey Key Personnel

CEO Pete Redfern
Chair Irene Dorner