FTSE 100 gains cool ahead of G7 coronavirus call March 3, 2020 The FTSE 100 index has risen for a second straight session this morning, as policymakers across the world indicated they would take measures to ease the economic impact of the coronavirus outbreak. Britain’s blue-chip index rose as much as 2.21 per cent following the open, with traders taking their cue from a largely positive showing [...]
Housebuilder Persimmon profits top £1bn as it names new CEO February 26, 2019 Persimmon made £1.1bn in profits in 2018, the housebuilder confirmed today, as it named a new chief executive. Dave Jenkinson, the finance officer who has been acting chief executive since its former boss left under a cloud over his bonus last year, will take on the role permanently, Persimmon confirmed. Read more: Is Persimmon’s success [...]
Persimmon share price rockets as it sells more homes at higher prices February 27, 2018 Shares in housebuilder Persimmon jumped more than 13 per cent in early trading, after it unveiled a rise in profits and sales in 2017. The figures Pre-tax profits rose 25 per cent to £977.1m in the year to the end of December, while revenues rose nine per cent to £3.42bn. It sold 16,043 homes, up [...]
Is Persimmon’s success built on solid ground? February 24, 2019 If you are a long-term Persimmon shareholder you will have done pretty well out of recent years. Starting 2012 at around £4 a pop, the stock closed last week near the £25 mark. The arrival of the government’s Help to Buy programme in 2013 may have had something to do with that meteoric rise. This [...]
Persimmon share price dips in wake of Help to Buy contract fears February 25, 2019 Persimmon was among the biggest FTSE 100 market fallers this evening as fears that the property giant could lose its Help to Buy contract weighed on investor confidence. The developer will be hoping to claw back positive sentiment in the City tomorrow in its full-year profit results, after shares closed down nearly five per cent [...]
Housing minister James Brokenshire ‘concerned’ over Persimmon’s Help to Buy scheme, reports say February 23, 2019 Housing minister James Brokenshire has raised concerns that Persimmon is not operating correctly within the Help-to-Buy scheme, according to reports. Brokenshire is “increasingly concerned” over the behaviour of the UK’s second biggest housebuilder, raising issues over leasehold, build quality and accountability, a source told Reuters. “Leasehold, build quality, their leadership seemingly not getting they’re accountable [...]
Bellway posts strong spring sales hours after devastating Barking fire June 11, 2019 Housebuilder Bellway has posted strong sales growth and said it was on track for an earnings boost just hours after a fire devastated one of its developments. The FTSE 250 firm reported a 4.7 per cent jump in reservations over the period from 1 February to 2 June – to 244 per week. Read more: [...]
Most Help to Buy beneficiaries ‘did not need scheme’ June 13, 2019 The government’s Help to Buy scheme has been accused of subsidising existing homeowners, after it emerged most people who have bought a house using the programme could have done so without it. A National Audit Office report today said three-fifths of buyers could have bought a property without the support of Help to Buy, “but [...]
Sadiq Khan asks government for £5bn grant to protect housing from no-deal Brexit February 27, 2019 Sadiq Khan has asked the government to provide a £5.2bn emergency grant to to buffer housing in the capital from the negative effects of a no-deal Brexit. In a letter to the housing secretary, James Brokenshire, the mayor said he remained "deeply concerned" about the impact leaving the EU without a deal would have on London. [...]
Persimmon’s profits to beat expectations despite boss bonus scandal January 15, 2019 Housebuilder Persimmon today said it expects its full-year profits to be “modestly” ahead of market consensus thanks to a string of new developments. The company reported a four per cent rise in total revenues to £3.74bn for the year to the end of December, with legal completion volumes up three per cent to 16,449 new [...]