Taylor Wimpey: leads FOOTSIE, with management optimistic
(CercleFinance.com) - As the sharpest rider on the FTSE 100 index in London today, the share of property developer Taylor Wimpey is up 6% today.
The group is confident ahead of its FY 2018 accounts, which will be published on 27 February. CEO Pete Redfern said that 2018 saw a strong performance, in line with the company's expectations. In spite of macroeconomic uncertainty, the housing market remained stable in 2018 and commercial performance has been solid.
As a forecast for 2019, Pete Redfern confirmed the forecast of stability in volumes and an improvement in the group's operating performance.
Between end-2017 and end-2018, the group's order book increased from 1,628 million pounds to 1,782 million pounds sterling, which represents respectively 7,136 and 8,304 housing units.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The group is confident ahead of its FY 2018 accounts, which will be published on 27 February. CEO Pete Redfern said that 2018 saw a strong performance, in line with the company's expectations. In spite of macroeconomic uncertainty, the housing market remained stable in 2018 and commercial performance has been solid.
As a forecast for 2019, Pete Redfern confirmed the forecast of stability in volumes and an improvement in the group's operating performance.
Between end-2017 and end-2018, the group's order book increased from 1,628 million pounds to 1,782 million pounds sterling, which represents respectively 7,136 and 8,304 housing units.
Copyright (c) 2019 CercleFinance.com. All rights reserved.