UK house prices: Persimmon share price dips despite fecund first half August 18, 2015 Another day, another housebuilder boasting impressive growth, after Persimmon said profits rose 31 per cent to £2.72.8m in the six months to the end of June. The figures You read that right: profits before tax rose 31 per cent to £272.8m, up from £208.9m last year. Meanwhile revenues rose 11 per cent to £1.3bn, while underlying earnings per share [...]
Housebuilder shares drop on “vanilla” house price growth August 18, 2015 Shares in the UK's largest listed housebuilders fell today, despite official figures showing annual house price growth rose to 5.7 per cent in June. Shares in Barratt fell 1.45 per cent to 643.5p in late morning trading, while Berkeley Group was down just under one per cent at 3,422p. Meanwhile, shares in Persimmon, which posted [...]
Housebuilder shares rise as government launches £36m fund to build first-time buyer homes on brownfield sites August 10, 2015 Shares in the UK's largest housebuilders rose today after the government unveiled two funds collectively worth £36m aimed at building homes for first-time buyers on brownfield sites. Communities secretary Greg Clark said a £26m fund will be used to acquire brownfield sites to provide land for starter homes, while another, £10m, fund is aimed at [...]
Persimmon reports jump in sales July 2, 2015 Housebuilder Persimmon has posted a jump in sales for the first half of the year, boosted by a pick-up in consumer confidence following the General Election. Legal completions increased by seven per cent to 6,855 new homes, while total revenue surged by 12 per cent to £1.34bn in the six months to 30 June. [...]
Taylor Wimpey, Barratt Developments and Persimmon share prices dip as fears about Labour rent control plans take hold April 27, 2015 Housing experts warned that Labour plans to bring in rent controls could lead to investors pulling out of the rental market. The Association of Rental Letting Agents (ARLA) said yesterday that three-quarters of its members feared the plans would “see landlords exit the market and reduce supply”. Such fears led to an immediate [...]
Housebuilder shares rise as Conservatives promise 200,000 cheap starter homes for first-time buyers March 2, 2015 Shares in the UK's largest housebuilders bounced this morning, after the Conservatives pledged to make 200,000 "starter homes" available cheap for first-time buyers if they win the election. Shares in Taylor Wimpey rose 1.54 per cent to 147p in early trading, while Barratt rose 0.87 per cent to 520p and Persimmon rose 1.36 per cent [...]
Persimmon share price falls despite profits jumping 44 per cent February 24, 2015 The figures Persimmon, the UK's biggest listed housebuilder, said underlying pre-tax profit jumped 44 per cent to £475m for the fiscal year 2014, up from £330m a year earlier. Full-year revenue rose 44 per cent to £475m, up from £330m in 2013. Completions – the number of homes built – rose 17 per cent to 13,509 while [...]
Taylor Wimpey, Barratt and Persimmon share prices among biggest FTSE fallers as Jefferies slashes ratings January 9, 2015 Housebuilders Taylor Wimpey, Barratt and Persimmon were among the biggest fallers on the FTSE 100 this morning, after broker Jefferies cut its rating across the sector. Shares in Taylor Wimpey – whose rating was cut to "hold" from "buy" – were down 4.9 per cent in lunchtime trading, while Barratt and Persimmon, which were both [...]
Housing market lifts Persimmon deals by 17pc January 7, 2015 PERSIMMON posted a 17 per cent surge in housing completions last year and said it expected demand for new homes to remain robust despite uncertainty over the outcome of the upcoming general election. Britain’s biggest housebuilder completed 13,509 property sales in the year to 31 December compared with 11,528 the previous year. Homes were sold [...]
UK house price growth may be slowing, but Persimmon is bullish November 4, 2014 Persimmon has enjoyed the fruits of 2014’s high house-price inflation, but there were signs in its third quarter figures that a cooling market is beginning to take its toll. The UK’s largest house builder by market capitalisation announced a 12 per cent increase in forward sales totalling £696m in the three months to the end [...]