Taylor Wimpey PLC (LSE:TW.) steadied nerves in the housebuilding sector after yesterday's warning by peer Persimmon over costs.
Taylor Wimpey plc (OTCPK:TWODF) Q2 2024 Earnings Conference Call July 31, 2024 4:00 AM ET Company Participants Jennifer Daly - CEO and Executive Director Christopher Carney - Group Finance Director and Executive Director Conference Call Participants Glynis Johnson - Jefferies Will Jones - Redburn Atlantic Aynsley Lammin - Investec Ami Galla - Citigroup Harry Goad - Berenberg Charlie Campbell - Stifel Chris Millington - Deutsche Numis Sam Cullen - Peel Hunt Jennifer Daly Thank you, Alice. So, we're running a little bit behind.
Shares in Taylor Wimpey PLC (LSE:TW.) climbed over 2% after it reported underlying profits ahead of expectations but made an increased cladding fire safety provision of £88 million.
Like its housebuilding contemporaries, FTSE 100-listed Taylor Wimpey PLC (LSE:TW.) has been well supported in the market following the Labour Party's sweeping election victory on a pro-growth campaign platform.