FTSE 100 dragged down by Persimmon tumbling after property market warning November 8, 2022 London’s FTSE 100 today was pulled down by house builder Persimmon tumbling after it warned rising rates will hit its bottom line. The capital’s premier index edged 0.08 per cent higher to 7,306.14 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 0,75 per [...]
Persimmon hands £750m to shareholders so far this year August 17, 2022 Persimmon, one of the UK’s largest housebuilders, has handed £750m to shareholders since the beginning of this year as the country’s housing market booms. The average selling price of a home has grown by a little under £10,000 over the past 12-months. “House prices have proved remarkably robust since the pandemic began, buoyed by pent-up [...]
FTSE 100 close: Persimmon and Taylor Wimpey pull index away from record high January 19, 2023 London’s FTSE 100 index registered one of its worst days since the turn of the year, pulling it away from its record high. The capital’s premier index shed 1.07 per cent to drop to 7,747.28 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell [...]
Supply chains and lack of labour are slowing building, says Persimmon boss July 7, 2022 The boss of Persimmon, one of the UK’s largest housebuilders, has cautioned that planning system delays, disruption in material supply chains and challenges in securing labour have weighed on completions. The housebuilder completed 6,652 homes in the six months to 30 June, down from 7,406 in the same period last year, according to its latest [...]
Persimmon and Taylor Wimpey sign up to government’s cladding pledge April 5, 2022 Housebuilders Persimmon and Taylor Wimpey have signed the government’s developer pledge to remove unsafe cladding in tower blocks installed within the past three decades. The pledge commits house builders to fix dangerous cladding and other fire safety issues in buildings over 11 metres. Taylor Wimpey revealed it was signing up to pledge on Tuesday afternoon, [...]
Persimmon reaps rewards of climbing house prices as profit and revenue inch higher March 2, 2022 Persimmon pre-tax profit has risen by more than £180m in the past 12 months, as new home completions and average selling prices rise. The housebuilder completed 14,551 homes in the year to 31 December, up from 13,575 in 2020. While the average selling price of homes has also increased by more than £6,500 to £237,078, [...]
Persimmon on track to open 75 new outlets as it looks to take advantage of growing house prices April 27, 2022 Persimmon, the UK’s second largest housebuilders, is on track to open around 75 new outlets during the first half of 2022, having already opened over half by the end of March 2022. The housebuilder now has around 300 active outlets across the UK, as it looks to snap up more of the market and strengthen [...]
Week ahead: Rate cut may offer optimism for housebuilding sector August 4, 2024 In a rather quiet week ahead, London markets are expecting updates from financial services firm Legal & General (L&G), housebuilder Persimmon, and real estate investment trust (REIT) Derwent London.
Taylor Wimpey warns of more housing pain – but better profits than first expected November 9, 2023 The FTSE 100 firm’s trading update mimicked that of its rival Persimmon, who on Tuesday warned of market trouble next year, while simultaneously raising the number of homes it plans to build.
Persimmon hires new chief finance officer as house builder’s revenue climbs to £3.61bn January 13, 2022 House building firm Persimmon has appointed Jason Windsor as its new Chief Financial Officer as the company aims to be “the leading builder of good value, quality family homes in the UK”.