Latest news with #TaylorWimpey
BBC News
3 hours ago
- General
- BBC News
Plans to add 460 homes to Shrewsbury housing estate
Another 460 homes could be added to a new housing estate, bringing the total up to more than 1, Wimpey and Persimmon Homes said it would be the next phase of their Weir Hill development in have also included more than 11 hectares of parks, play areas, allotments, and walking and cycling routes in their will be asked for their thoughts on the proposals before a planning application is submitted to Shropshire Council. The development is just north of Picton Drive and Keevil Close, on the edge of Wimpey said it wanted the homes to look like "a natural extension of Shrewsbury," with a mix of properties. Follow BBC Shropshire on BBC Sounds, Facebook, X and Instagram.
BBC News
6 days ago
- Business
- BBC News
Plans to build 600 new homes near Yarm unveiled
Plans to build 600 new homes near a market town have been unveiled. Developer Taylor Wimpey is preparing an outline plan for the development on land south of Green Lane, in firm is holding a two-week consultation on the plans which include building two to five-bedroom homes, including up to 20% of affordable housing as well as homes to rent. Stockton West Conservative MP Matt Vickers said he was against the "barmy" development and there were already too many properties in the town. Taylor Wimpey says feedback from the consultation will shape the planning application which it intends to submit to Stockton Borough Council in the summer, the Local Democracy Reporting Service said. Vickers said: "The idea of building yet more housing in Yarm is utterly barmy."In recent years the Labour council has allowed the packing, stacking and racking of thousands of homes on green field sites and created unbearable pressure on our local infrastructure, from roads to schools to healthcare services. "We must ensure Yarm's unique character is preserved."The council said it could not comment on the proposals because it had not yet received a planning application. An exhibition event will be held at Yarm Sports and Social Club on Leven Road on Thursday between 15:00 and 19:00 BST. Follow BBC Tees on X, Facebook, Nextdoor and Instagram.
Scotsman
6 days ago
- Business
- Scotsman
Taylor Wimpey named Large Home Builder of the Year at Homes for Scotland Awards
Taylor Wimpey is thrilled to announce that it has been awarded the prestigious Home Builder of the Year in the Large Builder category at the annual Homes for Scotland Awards Ceremony. Sign up to our Scotsman Money newsletter, covering all you need to know to help manage your money. Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... This accolade recognises the exceptional achievements of both Taylor Wimpey East Scotland and Taylor Wimpey West Scotland, celebrating their commitment to excellence in housebuilding. The judging panel evaluated various aspects of housebuilding, including company ethos and approach, quality, the volume of new homes delivered, customer service, innovation, health and safety, and sustainability. Taylor Wimpey's ability to consistently deliver high-quality homes while excelling in all these areas has earned this well-deserved recognition. Advertisement Hide Ad Advertisement Hide Ad Gavin Hamilton, Managing Director for Taylor Wimpey East Scotland, expressed his pride in the achievement: "This award is a testament to the hard work and dedication of our teams right across Scotland. We are committed to delivering high-quality homes that meet the needs of our customers while maintaining the highest standards in sustainability and innovation." Gavin Hamilton (MD for Taylor Wimpey East Scotland); David McClure (Senior Site Manager - Castle Gate, Maidenhill) and David Blair (Managing Director for Taylor Wimpey West Scotland David Blair, Managing Director for Taylor Wimpey West Scotland, echoed this sentiment: "Being recognised as 'Home Builder of the Year' is a fantastic achievement for our business. It reflects the passion and commitment of our teams across the country, who work tirelessly to create homes that enhance communities and improve lives."
Yahoo
01-06-2025
- Business
- Yahoo
Here's the growth forecast for Taylor Wimpey shares through to 2027
The last couple of years have been bumpy for UK housebuilders due to higher interest rates. Earnings on Taylor Wimpey (LSE:TW.) shares, for instance, fell heavily in 2023 and 2024, as reduced buyer affordability struck newbuild home demand. But with the Bank of England (BoE) firmly under way with a rate-reduction programme, could the FTSE 100 company now enjoy a period of strong and sustained growth? Let's take a look. Year Predicted earnings per share Annual growth Price-to-earnings (P/E) ratio 2025 8.59p 2% 13.8 times 2026 10.17p 18% 11.7 times 2027 12.14p 19% 9.8 times As you can see, City analysts are expecting earnings to edge modestly higher this year. But boosted by lower BoE lending rates, an improving mortgage market and increased build rates, growth's tipped to accelerate to double-digit percentages in the next two years. Yet broker projections can often miss forecasts, either to the upside or the downside. And in the current uncertain economic landscape, estimates at cyclical shares like Taylor Wimpey have an extra layer of risk build in. However, I'm optimistic that profits will rebound sharply for several reasons. As mentioned, the BoE's tipped to keep slashing rates as inflation moderates and the British economy struggles for meaningful growth. Some analysts think they could even fall more than 1% over the next year, from 4.25% today (Goldman Sachs analysts have tipped rates to bottom out at 3% by February). Homebuyers are also likely to be supported by the dogfight among the country's mortgage providers. The number of sub-4% interest rates on fixed products is rising strongly, while rules on no-deposit mortgages are also loosening. To capitalise on this fertile backdrop, Taylor Wimpey's likely to ramp up production over the coming years, giving profits a further boost. The builder currently plans to erect 10,400-10,800 homes in 2025, up from 10,593 last year. However, there's no guarantee the housebuilder is about to reach the sunlit uplands. Broader weakness in the UK economy could hamper earnings growth, even if interest rates fall, and especially if unemployment spikes. There's also uncertainty over the level of demand from first-time buyers after temporary stamp duty cuts ended last month. It's important for investors to bear these threats in mind. However, as a holder of Taylor Wimpey shares, I'm somewhat reassured by the underlying strength of the housing market despite these obstacles. Latest data from Rightmove showed the average asking price for UK homes hit new record peaks of £379,517 in May. This was up 0.6% month-on-month, and came despite 'a dip in new buyer demand following April's stamp duty increase'. On balance, I'm optimistic Taylor Wimpey can hit the City's bright profits estimates through to 2027. In fact, given rapid long-term growth in the UK population, I think gains here could impress well beyond the forecast period and it's one worth considering. The post Here's the growth forecast for Taylor Wimpey shares through to 2027 appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Royston Wild has positions in Taylor Wimpey Plc. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
BBC News
28-05-2025
- Business
- BBC News
Developer eyes Surrey garden centre site for 150 homes
Plans for about 150 homes on a Surrey garden centre site have been put forward to a local authority. Developer Taylor Wimpey has submitted an outline of the potential scheme at Hill Park Roses Garden Centre in Long Ditton to Elmbridge Borough Park Roses Garden Centre, which has been family-run since 1968, is still operating on the site. A spokesperson from the rose nursery said it was "not obliged to say" whether it has been sold or not. Details on the proposal are scarce, according to the Local Democracy Reporting Service (LDRS). But they added planning documents indicated that the new homes would be a mix of apartments and houses, from one to five beds, and could be up to three storeys documents show that the village green, local nature reserve Stokes Field, and One Tree Hill will be kept as green space. However, the developer will add environmental enhancements. Council told to plan for more affordable homes Up to 50 per cent of the proposed new builds could be affordable, the documents also borough, which includes the towns of Esher, Cobham and Walton, has been called one of the "least affordable in the country" by a planning proposed development site covers approximately 11 hectares of land and comprises fields of grassland, scrubs, hedgerows, mature trees and woodland along with the garden centre, documents for the project date back to 2016, according to LDRS.
