George Wimpey
Article Abstract:
George Wimpey is a United Kingdom housebuilder which has seen a strong rise in pre-tax profit and a rise in its stock price. The company's stock price had previously not performed well, partly due to concern about an asset swap with Tarmac. The company has improved its profit margins since the swap, and Wimpey should benefit from favorable conditions in the United Kingdom housing market. There is some concern about the company's international exposure, though this is being reduced through disposals.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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George Wimpey
Article Abstract:
George Wimpey's head, Joe Dwyer, sees the rise in UK house prices as mainly restricted to London and south eastern England. The company exchanged assets with Tarmac in Mar 1996, taking on McLean Homes from Tarmac, while Tarmac took on the contracting operations of Wimpey. Wimpey Homes saw a recovery in margins in 1st half 1996, and margins for McLean should rise in 2nd half 1996. George Wimpey's profit is forecast at some 35 million pounds sterling for full-year 1996.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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George Wimpey
Article Abstract:
George Wimpey looks set to achieve profit margin improvements the company has set itself, though could be affected by a UK slowdown in housing.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2000
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