Taylor Wimpey: Housebuilder holds guidance but warns of cost pressures January 16, 2025 Taylor Wimpey has said it’s on track to meet its profit target for the year, but echoing a similar warning from rivals Persimmon and Vistry, said rising costs could be a headwind to growth in 2025. The FTSE 100 firm expects an operating profit of £416m for 2024, down from £470.2m the year prior, according [...]
Persimmon: FTSE 100 builder reaps benefit of higher house prices January 14, 2025 In a trading statement covering 2024, the firm delivered a total of 10,664 homes, up seven per cent on the previous year and slightly ahead of market expectations.
UK housebuilders to shed light on property market amid Government targets January 12, 2025 Some of the UK’s biggest housebuilders will say whether demand is picking up in the property market after a prolonged slump, as the Government prepares to overhaul planning rules. London-listed construction groups Persimmon, Vistry and Taylor Wimpey will all provide trading updates next week. Persimmon, which will give an update on its fourth-quarter trading on [...]
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