Persimmon boss warns triple Budget hit will add billions for housebuilders December 16, 2024 Persimmon chief executive Dean Finch has warned that higher costs from new levies will add around £40m in annual costs and add “billions” in expenses across the housebuilding sector. He claimed that the taxes would hurt the government’s ambitious target of building 1.5m homes by 2029, telling The Times that there was a “disconnect” between [...]
Which FTSE 100 companies are most exposed to Donald Trump? November 14, 2024 The FTSE 100 has dropped by more than one per cent following the election of Donald Trump as US president, hitting a three-month low earlier this week. Meanwhile, the S&P 500 has been soaring, leading to a clear divergence between the two indexes. While not all of the poor performance of the FTSE 100 can [...]
Persimmon on track to deliver 10,500 homes as house prices hold firm November 6, 2024 Persimmon's performance has been propped up by improved customer sentiment as interest rates began to reduce and affordability improved.
Persimmon: Builder ups guidance amid ‘positive momentum’ on planning reform August 8, 2024 Housebuilder Persimmon has said it would build 10,500 homes this year—at the top end of its guidance— and has outlined plans to boost construction next year as Labour’s planning reforms start to take shape. In its half year results for the six months ended 30 June 2024, Persimmon said it completed 4,445 new, up by [...]
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.
Shares in Persimmon, Vistry and Barratt soar as Labour victory boosts market outlook July 5, 2024 Shares in property firms Persimmon, Vistry and Barratt have surged this morning as analysts label the Labour landslide victory a "positive" for house builders.
Could Persimmon be set for £1bn takeover of housebuilding rival Cala Group? May 27, 2024 Persimmon plots £1bn takeover of Cala Group
Co-op boss Shirine Khoury-Haq quits Persimmon board role to focus on day job April 30, 2024 The chief executive of The Co-operative Group has quit her role at house builder Persimmon.
Persimmon ‘on track’ to build 10,500 homes this year as property market recovers April 25, 2024 Persimmon said it is on track to build between 10,000 and 10,500 properties this year, in the latest signal of green shoots emerging in the market despite interest rates remaining high.
Grand Designs’ Kevin McCloud: Big builders are artificially driving up house prices for profit April 7, 2024 Most of the issues in the market can be traced back to the big builders that dominate the sector, TV presenter Kevin McCloud, told City A.M.