Taylor Wimpey announces trading in first half 2017 very positive.

Taylor Wimpey plc today announce their half year results for the period ended 2 July 2017.

Group profit before tax of £205.0 million (H1 2016: £268.8 million).

Completed a total of 6,580 homes, excluding joint ventures, an increase of 9.3% (H1 2016: 6,019).

Pete Redfern, Chief Executive, commented:

“Trading through the first half of 2017 has been very positive, supported by favourable UK housing market fundamentals and good customer confidence. In the central London market in particular, we are pleased to see improved customer confidence following a period of uncertainty.

Although the wider political backdrop could have an impact on confidence levels and market dynamics, we have seen no material change in trading since the General Election, and our first half performance has been strong. Our business is built to maximise performance in all market conditions, benefiting from a robust balance sheet and high-quality landbank. With a strong forward order book and a disciplined strategy to manage the business through the cycle, we remain on track to meet both our full year objectives and medium term strategic goals”.

Read the Taylor Wimpey PLC announcement today in full click here.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Estate Agent Talk

Security from the start: Essential cybersecurity tips for startups

Startups are exciting, but as you’re spinning many plates when bringing your idea to life, it can be easy to miss out steps along the way. However, there are a few elements to your business where cutting corners should never be an option. In today’s world, as cyber attacks are becoming more complex and sophisticated…
Read More
new build homes colchester essex
Estate Agent Talk

NPPF Review – Thoughts from the Industry

Following the publication of the revised NPPF earlier today, Here are some thoughts from the Industry on the following: 1.5 houses per square km per year 6 year housing land supply Grey belt – ‘Green Belt that doesn’t conform to the Green Belt purposes and with a new colour’ The removal of the blanket 50%…
Read More
Planning disputes on new build land
Estate Agent Talk

NPPF comment – Boyer

Following the publication of the revised NPPF earlier today, Lawrence Turner and Michelle Quan, Directors of Boyer have provided comment on: The 1.5 million new home dilemma Green Belt Modernising planning committees Need for government intervention Neighbourhood Planning   Lawrence Turner, Director, Boyer  In the wake of the Labour Government’s ambitious plan to build 1.5…
Read More
Estate Agent Talk

NPPF review welcomed, but SMEs still wait for support

The Government has released its response to the National Planning Policy Framework (NPPF) consultation. Richard Beresford, Chief Executive of the National Federation of Builders, said: “The NPPF review reintroduces much needed mandatory housing targets, permits more land allocation through a new definition of grey belt, and establishes golden rules for greenbelt usage, which at first…
Read More
Breaking News

Breaking Property News 12/12/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Adam Pigott CEO of tlyfe outlines the possible future landscape of the Private Rented Sector ‘As we head towards the end of the year, the present Renters’ Rights Bill, introduced to Parliament in  September 2024, looks to be on the statute book by summer…
Read More
Rightmove logo
Breaking News

Rightmove’s 2025 housing market forecast

A panel of experts from the UK’s biggest property website Rightmove shares five predictions for the 2025 home-selling and mortgage markets.   New seller average asking prices will rise by 4% by the end of next year, and around 1.15 million transactions are expected, however 2025 is set to be a buyer’s market Beginning of…
Read More