Persimmon wary despite sales rise July 6, 2010 HOUSE builder Persimmon reported higher sales and improved debt for the first half of the year, but said consumer uncertainty following the election and the emergency Budget had dampened its outlook. The country’s largest house builder by market value said legal completions on properties in the first half increased by 16 per cent to 4,657 [...]
Persimmon is back in black as sales rise March 2, 2010 HOUSEBUILDER Persimmon swung back into profit last year after writing up the value of its landbank by almost £75m. Pre-tax profits came in at £77.8m compared to a £780m loss in 2008 when lower property valuations took their toll as the sector was ravaged by the recession. The UK’s largest housebuilder completed 8,976 homes last [...]
Persimmon back in profit March 2, 2010 HOUSEBUILDER Persimmon swung back into profit last year after writing up the value of its landbank by almost £75m. Pre-tax profits came in at £77.8m compared to a £780m loss in 2008 when lower property valuations took their toll as the sector was ravaged by the recession. The UK’s largest housebuilder completed 8976 homes last [...]
Redrow on way to profit April 26, 2010 HOUSEBUILDER Redrow expects to return to profitability in the second half of 2010 as market conditions continue to improve. The FTSE 250 group says it has been “encouraged” by sales activity since the start of the calendar year. It is likely to legally complete more than 2,500 homes this year with sales rates per outlet [...]
Property gets a boost from duty changes March 24, 2010 THE government yesterday handed first-time home buyers a boost by scrapping stamp duty for houses costing less than £250,000 for two years in a measure that will be paid for by those at the higher end of the property ladder. Chancellor Alistair Darling has increased stamp duty on houses worth £1m or more from four [...]
Cautious gain at Persimmon January 7, 2010 HOUSEBUILDER Persimmon yesterday remained cautious over the health of the housing market despite a stronger performance in the second half of 2009. The FTSE 250 group said it completed the sale of 8,796 new homes during 2009, which generated a turnover of around £1.4bn. Almost 5000 of these properties were sold in the second half [...]
Persimmon in house sales boost January 7, 2010 Housebuilder Persimmon remained cautious over the health of the housing market despite a stronger performance in the second half of 2009. The FTSE 250 group said it completed the sale of 8,796 new homes during 2009, which generated a turnover of around £1.4bn. Almost 5000 of these properties were sold in the second half – [...]
THE TIPSTER March 10, 2010 HOMEBUILDER Barratt Homes is proving an interesting punt at the moment after speculation that rival Persimmon is mounting a bid of 170p per share. Barratt would make an interesting purchase as it is trading at a significant discount to its net asset value and has a large bank of land. ETX Capital is quoting 122.21p-122.79p. [...]
Persimmon builds sales November 16, 2009 Persimmon yesterday joined the chorus of property firms reporting trading conditions have improved in the third quarter and said home buyers were back in the market. The UK’s largest housebuilder by market value said it met its sales targets for the year and booked a further £500m of sales for 2010. Chief executive Mike Farley [...]
Persimmon sees an end to housing blues July 7, 2009 HOUSEBUILDER Persimmon yesterday buoyed the battered property sector as it claimed the worst of the housing crisis is over, reporting a surge in volume and revenues over recent months. Persimmon said it had completed 4,006 homes over the six months to end of June, with total sales revenue of around £625m, 37 per cent lower [...]