Analyst Day

RNS Number : 4609O

Taylor Wimpey PLC

19 September 2011

 



19 September 2011

Taylor Wimpey plc

Analyst Day

Taylor Wimpey will be hosting an afternoon of presentations for analysts and institutional investors in London today.  The presentation materials will be published on our web site, www.taylorwimpeyplc.com, this afternoon.

The presentation will include a brief update on current trading in the UK, which remains stable and in line with the trends outlined at our half year results on 3 August.  Net sales rates for the second half to date are above the relatively weak 2010 comparatives, with encouraging signs of the normal seasonal pick up in sales rates over the last few weeks.  Pricing remains stable and we are firmly on course to deliver a double digit UK operating margin in 2012.

The focus of the day will be on providing more detail on the strategic direction that we have outlined in previous announcements.  The presentations will cover our approach to managing the cycle, our capital structure, and the balance between margin and return on net operating assets.  In addition, we will be providing more detail on our strategic land assets and ongoing operational and sales & marketing initiatives, along with an update on planning policy and our response.

No material new financial information will be provided during the presentations.

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For further information please contact:

Taylor Wimpey plc                                                                  Tel: [phone]

Pete Redfern, Chief Executive

Ryan Mangold, Group Finance Director

Jonathan Drake, Investor Relations

Finsbury                                                                                  Tel: [phone]

Andrew Dowler

Notes to editors:

Taylor Wimpey plc is a focused community developer with operations in the UK and Spain. We aim to be the developer of choice for customers, employees, shareholders and communities.

For further information, please visit the Group's website:

www.taylorwimpeyplc.com

 

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