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 [...]
Persimmon share price up as housing market demand boosts profits August 19, 2014 Persimmon became the latest housebuilder to announce another leap in profits yesterday as rosier housing market conditions helped lift sales rates and prices in the first half of the year. Britains’s largest housebuilder completed 6,408 property sales in the six months to 30 June, up 28 per cent on last year. The average selling price [...]
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 [...]