There is a degree of uncertainty surrounding the date of Taylor Wimpey's next trading update - but what can we read into it?

While Persimmon brought theirs forward this week and Barratt and Redrow are pencilled in the diary for November, there is no word from TW on a date yet.

It suggests things are moving around. And "things moving around" would seem to suggest they are trying to line up some concrete news on their refinancing deal. It has £1.7bn of debt and needs to act before next February to avoid breaching banking covenants.

It would be all very well to tell the market how many homes it planned to sell in 2008 but the only question on anyone's lips would be the refinancing deal. As someone put it this week: "Are they like Tottenham - too big to go down?"

It would be a coup for new FD Chris Rickard, who some have suggested was parachuted in by the banks specifically to get the deal done. Building speculated earlier this month that his appointment may bring forward a deal.

Could it be that chief exec Pete Redfern can pull it off this side of December? The share price (see right) would shoot up and his glass of Christmas port would certainly taste a whole lot sweeter.

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