Taylor Wimpey Plc updated the market on COVID-19 impact; stock up 7%

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Home Construction company Taylor Whimpey updated market over the impact of COVID-19 outbreak for the period starting from January 01st, 2020 to today.

Key takeaways:

  • Seeing continued demand for our homes despite challenging times
  • Sales teams have been selling homes remotely, and digitally.
  • Cancellations have been less than 1% of their current order book.
  • The order book has continued to increase, as 16-week ended on April 19th, 2020, order book stood at approximately £2,667m as compared to £2,399m in the corresponding period of the previous year.
  • Balance sheet stood firm with a gross cash position of £836 million as at April 22nd, 2020

Following the company's update over the impact of COVID-19 on its business, its shares surged about 7% to GBX 144.05 during the early trading session of April 23rd, 2020.


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