Wimpey (George) plc
Wimpey: H1 2006 trading statement
Housebuilder Wimpey has issued a positive trading update for the first half of 2006. The company said the housing market in the first half of 2006 had been “stable” in comparison to the weak market last year.
The company entered 2006 with a strong order UK book (up 22% in value) which has resulted in a […]
Wimpey: FY05 results
Housebuilder George Wimpey announced a 16% decline in pre-tax profits for the year as the weakening housing market eroded margins. The company had previously warned that profits would come in at the low end of expectations and the markets did not seem to be unduly disappointed.
The results would have been far worse if not for […]
Wimpey: trading statement
Housebuilder George Wimpey said pre-tax profits for the year to December 2005 tax would be at the lower end of market expectations and below last year.
Despite higher volumes (group completions have increased to 17,024 from 16,654 last year), a 4% decline in (UK) average selling prices has eroded profitability. The company says more challenging […]
Wimpey: H1 results
Housebuilder Wimpey reported weak earnings for the half year to July 2005, despite a 69% increase in profits in its American business, Morrisons Homes. Group revenue declined by 2% to £1,190.2m and operating profits by 14% to £156.5 in H1. Pretax profits dropped by 21% to £122.3m.
The company said the weak market in the UK […]
Wimpey: H1 Trading statement
George Wimpey, the housebuilder, warned that profits for the first half of the year to June 2005 would be below last year, despite a strong performance from its American business. Higher interest costs and lower volumes and margins in the UK were the main reasons for the decline in profits.
The company said the UK housing […]
Wimpey
House builder Wimpey reported turnover growth of 4% (to £3,005m) and operating profit growth of 16% (to £500.7m). Wimpey has reported increased visitor levels and interest in the UK market, a statement that has sparked some interest in the sector. Wimpey expects the US market to be strong next year. It is geographically well diversified […]
Random picks: BP | BSkyB | Daily Mail | Group 4 Securicor | Dimension Data | Premier Foods | Scottish & Southern Energy | Tate & Lyle | Westbury | Croda