Analyst Views: What did you think of Persimmon’s performance in the past six months? August 19, 2014 RACHAEL APPLEGATE | PANMURE GORDON Persimmon has delivered a positive set of interim results, with units, average selling prices, margins and profits moving ahead. The group reports a continued improvement in current trade and boasts a healthy level of forward orders. We have nudged up our forecasts following this announcement. RICHARD HUNTER | [...]
London Report: FTSE climbs after Persimmon delivers a set of good results August 19, 2014 BRITAIN’S top share index yesterday climbed to its highest closing level in three weeks, bolstered by housebuilding stocks after robust results from Persimmon. The UK blue-chip FTSE 100 index ended up 38.06 points, or 0.6 per cent, at 6,779.31 points. Persimmon delivered a 57 per cent rise in pretax profit and said it was trading [...]
Persimmon profits rise on UK housing boom August 19, 2014 Persimmon is the latest housebuilder to benefit from the UK's housing market recovery, reporting a sharp rise in profit before tax for the six months to 30 June. Pre-tax profit went up by 57 per cent to £208.9m for the period, compared to £132.9m the year before. New home sales went up by [...]
Persimmon in call for green belt shake-up July 2, 2014 THE CHIEF executive of Britain’s second largest housebuilder said a review of the green belt system was “inevitable” to meet the UK’s housing shortage as the group posted a double-digit surge in revenues. Jeff Fairburn said the green belt was “the last opportunity” to deliver the number of homes the country must build each year [...]
Persimmon says house demand is up across UK April 16, 2014 HOUSEBUILDER Persimmon said yesterday that demand for new houses continued to strengthen, helped by government intervention to help first-time buyers. Persimmon, which builds homes across the country apart from central London, said its new financial year had started well, with private sale rates per site up 25 per cent in the first 15 weeks of [...]
Persimmon forward sales rocket 38pc April 16, 2014 Housebuilder Persimmon has seen its total forward sales revenue climb 35 per cent higher compared to what it was in 2013. The company also has 7,200 new homes sold forward into the private sale market for 2014, 38 per cent ahead of the same point in 2013. The average selling price climbed three per cent [...]
Persimmon to bring forward £1.9bn payout February 25, 2014 PERSIMMON says it will bring forward a £1.9bn payout to shareholders after a strong rebound in the housing market and a surge in customer demand helped the housebuilder to more than double profits last year. The company plans to return 115p per share to shareholders by 2021, but announced plans yesterday to make additional dividend [...]
Persimmon profits more than double on booming demand February 25, 2014 Another house builder riding the wave of surging demand. Following bumper results from Bovis yesterday, Persimmon has said this morning that its profit before tax more than doubled in 2013. The 54.5 per cent increase to £337.1m came about as the group “responded quickly” to growing customer demand, outperforming its original long term plan. Chairman Nicolas [...]
Persimmon steps up construction as house recovery spurs demand January 8, 2014 HOUSEBUILDER Persimmon posted a 21 per cent jump in full-year revenues yesterday helped by higher prices and strong demand. The group said it has boosted construction activity as a result of a rise in weekly sales rates and that new house sales had increased by 16 per cent to 11,528 for 2013. Meanwhile housing and [...]
Persimmon in mass job cull July 7, 2008 Persimmon, Britain’s most profitable housebuilder, will announce tomorrow that it is cutting 20 per cent of its workforce, in the latest mass cull to hit the beleaguered sector. Persimmon is expected to say it is making at least 1,000 redundancies in a trading update on Tuesday, as it attempts to reduce costs and ride out [...]