|Bid||163.55 x 0|
|Ask||163.60 x 0|
|Day's range||162.10 - 165.10|
|52-week range||127.80 - 192.70|
|Beta (3Y monthly)||1.31|
|PE ratio (TTM)||8.18|
|Forward dividend & yield||0.08 (4.64%)|
|1y target est||N/A|
London's main index skidded for the sixth straight session on Thursday as investors sold off healthcare stocks after Washington withdrew a rebate rule aimed at lowering drug prices, and a Fed-fuelled rally fizzled out. The FTSE 100 shed 0.3%, while the mid-cap FTSE 250 capitalised on a rise in sterling to add 0.1%.
Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Taylor...
Housebuilder Bovis said on Tuesday it expected to post a higher first-half profit after selling more affordable homes at increased prices and saw solid demand for the year, bucking the trend of a wider anaemic real estate market. Britain's property market has been hurt by a slowdown in European economic growth and prospective home buyers holding out for house prices to fall further because of the country's chaotic attempts to leave the European Union. While house prices have been rising across the country, prices in London have declined according to various indicators, hit by tax changes and Brexit.
Britain's FTSE 100 fell on Friday as stronger-than-expected U.S. employment data tempered hopes of an aggressive interest rate cut by the Federal Reserve and as heavyweight miners fell due to weakness in China's iron ore futures. The FTSE 100 shed 0.7% on its worst day in more than a month, as a drop in homebuilder shares following a weak trading update from building supplier SIG also weighed.
Britain's mining stocks tugged the main index lower on Thursday, while shares of IAG and Coca Cola HBC slid as they traded ex-dividend, though several investors stayed on the sidelines during the U.S. market holiday. The FTSE 100 inched 0.1% lower but still hovered around a 10-month high and the FTSE 250 was roughly flat. "It is perhaps a sign of how much trading has been driven by the U.S. in the last couple of months that the absence of the American markets due to Independence Day left their European counterparts in neutral," Spreadex analyst Connor Campbell said.
Persimmon, Britain's second-largest homebuilder, suffered a drop in revenue in the first half of the year as it delayed sales closer to the completion of properties in order to improve customer satisfaction. "Perhaps more important is the fact selling prices have kept moving forwards, despite the negative PR Persimmon’s been facing," said Sophie Lund-Yates, Equity Analyst at Hargreaves Lansdown. Persimmon, which builds homes in more than 350 locations in the UK, reported on Thursday a 4.5% fall in revenue to 1.75 billion pounds ($2.2 billion) for the six months ending June 30.
Britain's Brexit crisis tipped the country's construction industry into its sharpest fall in a decade in June, a survey showed on Tuesday, in a stark sign of how quickly the world's fifth-biggest economy is slowing. The IHS Markit/CIPS construction Purchasing Managers' Index (PMI) plunged to 43.1, the lowest reading since April 2009 when the country was gripped by the global financial crisis and way below any forecast in a Reuters poll of economists. The yield on 10-year British government bonds sank to its lowest level in nearly three years as investors, already anxious about the prospect of a no-deal Brexit under the country's next prime minister, took fright at the scale of the fall.
A report that prime minister front-runner Boris Johnson would slash stamp duty and taxes drove gains in housebuilders and lifted London's main index on Friday, while Madame Tussauds owner Merlin surged after a buyout offer. The FTSE 100 rose 0.2%, while the FTSE 250 capitalised on a stronger pound to climb 0.8%. Housebuilders advanced after a media report said Johnson, the leading candidate to succeed Theresa May as prime minister, plans to cut stamp duty on house sales as part of an emergency budget for a "no-deal" Brexit.
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London's main bourse inched higher on Wednesday, helped by better than expected numbers from housebuilder Berkeley and a surge in Clydesdale and Yorkshire Banking Group after it promised more savings from its buyout of Virgin Money. The FTSE 100 index, sharply higher on Tuesday along with other European markets on the back of a strong policy speech from European Central Bank chief Mario Draghi, edged 0.05% higher by 0707 GMT.
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Harvey Jones would rather purchase housebuilding stocks like Taylor Wimpey plc (LON: TW) than invest in a tough sector like buy-to-let.
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The latest earnings update Taylor Wimpey plc (LON:TW.) released in December 2018 signalled that the business gained from a strong tailwind, eventu...
The FTSE 100 and the FTSE 250 lost 0.6 percent each. Sainsbury's tumbled 4.7 percent to a near three-year low after the supermarket chain scrapped its proposed 7.3 billion pound takeover of Walmart-owned Asda after the deal was blocked by Britain's competition regulator. "The failure of securing a merger with Asda leaves the group in a bit of a vacuum, with leadership and strategic uncertainties the byproduct of the CMA's rebuttal," Jefferies analysts said.