Three key news stories unfolding as the UK stock market opens. Check out our companies reporting diary for upcoming results from FTSE 350 and selected international stocks.
1. FY26 profits set to drop at Taylor Wimpey
Taylor Wimpey LON:TW. was the latest homebuilder to update the market this week, with the company noting a robust performance in challenging market conditions. Completions and average selling prices were higher, whilst land sales were also bolstered. Management note the market uncertainty caused by last year’s budget but add that enquiries from customers are at levels consistent with last year, although pricing is a little softer. Despite build cost inflation remaining in the low single digits, group operating profits for FY26 are expected to come in below the comparative.
- Taylor Wimpey stays resilient despite “challenging” housing market
- UK Stock Market News: Fullers, Experian, Taylor Wimpey
2. Full year outlook lowered at Dunelm
Dunelm LON:DNLM issued a half year trading update this morning, noting that sales had been softer than expected during the latter part of the reporting period. Despite margin improvements from FX tailwinds, expectations are now that pre-tax profits for the period will be around £112m, and that the full year outlook is now set to come in at the lower end of consensus expectations.
3. Investors in Safestore lock in modest dividend uptick
The storage company Safestore Holdings LON:SAFE published full year results today with revenues 5% higher, but underlying pre tax profits were squeezed reflecting higher financing charges. Cost control measures are reported as having been effective, investors will benefit from a 1% increase in dividends and management are cautiously optimistic that FY26 will show a return to earnings growth.
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