THE TIPSTER July 3, 2011 A REPORT from the US Department of Agriculture at the end of last week, flagging a marked increase in the amount of corn being sown by farmers, sent prices tumbling. A good harvest will certainly take the pressure off food supplies and in turn the prices being charged globally, but some will simply see this [...]
Profits double at Persimmon as sales falter March 1, 2011 HOUSEBUILDER Persimmon warned yesterday that the weak mortgage market will continue to dampen sales this year, after almost doubling its pre-tax profit to £153.9m in 2010. While Persimmon sold 4.5 per cent more homes last year, the firm said completions tailed off towards the end of 2010 amid a tough mortgage market and economic fears. [...]
ANALYST VIEWS: WHAT DO YOU THINK OF PERSIMMON’S RESULTS? March 1, 2011 CHRIS MILLINTON| NUMIS We feel the 2010 results are strong and the margin progress is creditable. We continue to hold Persimmon in high regard with respect to its landholdings and management. On trading the group states that the year has started encouragingly with visitors up 10 per cent, cancellation rates low and reservations up. ‘Buy’. [...]
A string of strong earnings reports sends FTSE jumping April 20, 2011 COMMODITY stocks helped power the FTSE 100 index sharply higher yesterday, while earnings from Reckitt Benckiser and Home Retail, following US tech bellwether Intel, boosted risk appetite. The FTSE 100 closed up 125.39 points, or 2.1 per cent, at 6,022.26 following a 0.5 per cent gain on Tuesday. This wiped out Monday’s 2.1 per cent [...]
Taylor Wimpey returns to profit March 3, 2011 Housebuilder Taylor Wimpey swung to an underlying annual profit, ahead of expectations, and said it was evaluating proposals for its North American business. The builder is in the process of selling its Taylor Morrison operations to pay down debt and focus on its domestic market, with a growing list of potential buyers, including Canada’s privately-held [...]
THE TIPSTER March 6, 2011 HOUSE builder Taylor Wimpey has recently posted profits ahead of expectations despite revenues staying unchanged. This has been put down to average selling prices increasing, which is a very pleasing sign for the firm which has seen a strong uptrend in share price since last December. Although the board remains cautious about the future it [...]
Persimmon beats forecasts January 10, 2011 Housebuilder Persimmon said underlying pre-tax profit for 2010 will be at the top end of market views, despite bad weather knocking sales before Christmas. The UK’s largest homebuilder by market value said it completed 9,384 homes in the year to 31 December, against 8,976 last year. Prices rose by six per cent to 167,000 pounds, [...]
Persimmon beats forecasts January 10, 2011 Housebuilder Persimmon said underlying pre-tax profit for 2010 will be at the top end of market views, despite bad weather knocking sales before Christmas. The UK’s largest homebuilder by market value said it completed 9,384 homes in the year to 31 December, against 8,976 last year. Prices rose by six per cent to 167,000 pounds, [...]
Persimmon in bullish mood as sales surge January 10, 2011 HOUSEBUILDER Persimmon yesterday said underlying pre-tax profit for 2010 will be at the top end of market views, despite bad weather knocking sales before Christmas. The UK’s largest homebuilder by market value, which is led by chief executive Mike Farley, said it completed 9,384 homes in the year ended 31 December, against 8,976 last year. [...]
Persimmon in bullish mood as sales surge January 10, 2011 HOUSEBUILDER Persimmon yesterday said underlying pre-tax profit for 2010 will be at the top end of market views, despite bad weather knocking sales before Christmas. The UK’s largest homebuilder by market value, which is led by chief executive Mike Farley, said it completed 9,384 homes in the year ended 31 December, against 8,976 last year. [...]