Taylor Wimpey has reaffirmed its full-year 2025 guidance of 10,400 to 10,800 UK completions and expects a group operating profit of approximately £424 million.
“While mindful of the various issues impacting customer sentiment and propensity to buy homes, including the impact of the delayed UK Budget on short term customer confidence, we remain well positioned and own all land with planning for 2026 completions,” it said in an update.
“We are currently operating from 215 outlets (2024 equivalent period: 207) and expect 2025 year end outlets to be in the range of 210 to 215 (31 December 2024: 213).
“Going forward, average outlets will increase year on year as we unlock value from our strong landbank and redeploy capital for growth.
“We remain confident in the underlying fundamentals of the UK housing market, with its pressing need for new homes, and in the medium term potential of the business to deliver profitable growth and maximise shareholder returns.
It has a UK landbank of 4.5 to 5 years, a group operating profit margin of 16-18%, and a group return on net operating assets greater than 20%.
In the nine weeks to 28 September the total order book value was £2.12bn, representing 7,223 homes, with 73% exchanged.
Against the backdrop of softer market conditions beginning in the second quarter, it has delivered a robust sales rate. In the nine weeks to 28 September, the net private sales rate was 0.65 per outlet per week (2024 equivalent period: 0.70), and 0.64 excluding bulk deals (2024 equivalent period: 0.68).
Greggs
Fast food chain Greggs reported a 6.1% increase in total sales for the third quarter of 2025, with company-managed shop like-for-like sales up by 1.5%.
Year-to-date, total sales have risen by 6.7% and like-for-like sales by 2.2%. The company opened 130 shops and closed 73, resulting in 57 net new shops, bringing the total to 2,675. Greggs now expects around 120 net shop openings for the full year.
The “Bake at Home” range is now available in 930 Iceland and 820 Tesco stores. The company said the outlook for cost inflation in 2025 has marginally improved, and the board’s expectation for the full year remains unchanged.
Topps Tiles
Topps Tiles reported a record year for turnover, with adjusted sales reaching approximately £265 million, a 6.8% increase year-on-year.
Total Group sales were £296 million, up 17.7% from the previous year. Like-for-like sales in Topps Tiles grew by 7.7% in the second half, up from 3% in the first half, resulting in 5.3% growth for the entire year.
The company anticipates higher adjusted gross margins in the second half and expects adjusted profit for the year to align with market expectations, which range from £8.3 million to £9.2 million.
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