Persimmon and Aviva agree to make leasehold payments fairer for homeowners after CMA probe June 23, 2021 Following an investigation by the UK’s markets watchdog, housebuilder Persimmon and financial services group Aviva have agreed to overhaul their leasehold contracts to make payments fairer for homeowners. The Competition and Markets Authority (CMA) investigation into Persimonn’s leaseholds pushed the housebuilder to cap the price of freehold at £2,000 in its Right to Buy scheme [...]
Persimmon builds up sales to pre-Covid levels April 28, 2021 Sales at housebuilder Persimmon for 2021 so far are 23 per cent ahead of last year, meanwhile, it has set aside £75m to address the issue of flammable high-rise cladding. With the average price for homes sold to private owners at around £252,000, the group enjoyed £3bn in sales in the first quarter of 2021, [...]
Persimmon profit falls as spring site closures dent builder March 3, 2021 Housebuilder Persimmon said that its profit fell about a quarter in 2020 as a result of the coronavirus pandemic. The FTSE 100 firm reported profit of £783.8m over the last 12 months, down from £1.04bn in 2019. Despite the fall, shares in the firm rose 2.9 per cent after the open, as traders welcomed optimistic [...]
Persimmon takes £75m hit on dangerous cladding costs February 10, 2021 Persimmon will take a multimillion pound hit on costs associated with cladding safety issues that have been discovered since the Grenfell Tower tragedy. The housebuilder said it has made a £75m provision in its 2020 results to pay for dangerous cladding to be removed or investigated at 26 high-rise buildings in its legacy development portfolio. [...]
Persimmon reports ‘robust trading’ and hails UK’s resilient housing market January 13, 2021 Persimmon, the UK’s biggest housebuilder, said the country’s property market had remained “resilient” despite the impact of the coronavirus pandemic. The FTSE 100 firm reported that trading was “robust” in 2020, although revenue and new home competitions dipped due to the closure of the housing market in the first UK-wide lockdown. New home competitions reached [...]
Persimmon to pay extra dividend on back of ‘robust’ summer performance November 10, 2020 Housebuilder Persimmon today announced that it would pay an interim dividend of 70p per share in December after fending off the challenges of the coronavirus pandemic. The extra payout comes on top of a 40p per share dividend paid in September, and means that the company will have fully replaced its previously delayed 110p per [...]
National Express chief quits to lead housebuilder Persimmon June 24, 2020 Housebuilder Persimmon has this morning announced that Dean Finch will succeed David Jenkinson as the group’s chief executive at the end of this year. Finch joins the FTSE 100 company from transport firm National Express, where he has spent a decade as chief executive. Prior to that, he held a number of senior roles at [...]
UK housebuilders race to return to work after government eases restrictions May 14, 2020 Some of the UK’s biggest housebuilders have revealed plans to return to work after the government removed lockdown restrictions on the property market. FTSE 100 housebuilder Persimmon said this morning that its sales offices in England will reopen from tomorrow with social distancing measures in place. It comes after the government removed restrictions to allow [...]
Housebuilder Persimmon confident in outlook as construction sites reopen April 29, 2020 Housebuilder Persimmon said customer enquiries have remained at good levels throughout the UK coronavirus lockdown so far as the developer pushes ahead with the phased reopening of its construction sites. The company said steady customer enquiries provided “some encouragement on the resilience of demand” during the coronavirus crisis. Persimmon’s current forward sales position is “robust” [...]
Persimmon CEO to depart after just 15 months in role February 27, 2020 Persimmon’s CEO signalled his intention to step down today just over a year after replacing the housebuilder’s former boss Jeff Fairburn, who left in 2018 amid outrage over a huge £75m bonus. Group chief executive Dave Jenkinson will depart “in due course”, he said today as Persimmon revealed a drop in 2019 profit as it [...]