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Persimmon

  • FTSE reshuffle: Who’s been promoted and who’s got the boot?

    Markets

    Marks & Spencer has climbed back on to the UK’s FTSE 100 four years after dropping off the top stock index, while housebuilder Persimmon has been demoted following a rocky patch for the housing market. The upmarket supermarket staged the return to the top tier after seeing its share price jump by more than two [...]

  • Shares tumble for struggling FTSE housebuilders: ‘The scale of challenge cannot be swept under carpet’

    Mortgage mayhem

    The share price of London FTSE 100 and FTSE 250 house builders all took a tumble this morning, as fresh reports highlighting the state of the property market dampened investor confidence.  Barratt was the hardest to fall this morning, with its shares sliding 4.67 per cent, as the group reported a 49 per cent decline [...]

  • Shares in UK housebuilders slump as inflation woes increase prospect of rate hikes

    Housebuilders

    Shares in some of the UK’s biggest housebuilders closed down today after Berkeley Group warned that its sales could fall by up to 20 per cent as rising mortgage rates rock the housing market. Berkeley’s share price fell around 3 per cent this morning following its announcement, but recovered slightly closing down 1.56 per cent. [...]

  • Markets: Three things we learned this week

    May 5, 2023

    This week the markets had a lot to digest, bumper energy profits, the tail end of the banking sector’s latest round of results, and a rate rise from the Federal Reserve. There was also some positive house price data, which gave the FTSE 100 a spring in its step. With Coronation weekend looming we take [...]

  • FTSE 100 close: Wall Street sea of red offsets HSBC and Persimmon gains in London

    May 2, 2023

     London’s FTSE 100 was dragged deep into the red in the final hours of trading today after Wall Street was pushed lower by investors sweating over more possible banking collapses. The capital’s premier index initially climbed in the morning before eventually closing 1.23 per cent lower at 7,774.12 points, while the domestically-focused mid-cap FTSE 250 [...]

  • FTSE 100 close: Persimmon and Standard Chartered peg losses on London index

    April 26, 2023

    London’s FTSE 100 skidded lower today despite a decent batch of results pumping up banks and house builders. The capital’s premier index lost 0.49 per cent to close at 7,852.63 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, edged 0.04 per cent lower to [...]

  • Persimmon Homes: Share price lifts on recent uptick despite 42 per cent knock in home sales

    April 26, 2023

    Persimmon Homes share price lifted nearly four per cent this morning, after the group reporting a 42 per cent knock in the number of homes completed in the first leg of the year. The house building group reported strong traffic to its website and improvement in sales reassured investor confidence.  The house building group, which [...]

  • FTSE 100 close: Inflation shock drags London index lower as real estate firms lead losses

    April 19, 2023

    London’s FTSE 100 slipped today as investors took fright at UK inflation topping forecasts to stay in the double digits last month. The capital’s premier index shed 0.13 per cent to drop to 7,898.78 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.49 [...]

  • Persimmon warns of sales slide as interest rate rises push up the cost of mortgages

    January 12, 2023

    Persimmon achieved sales at the top end of its 2022 guidance, despite the mortgage crisis and the wider economic downturn in the second half of the year. The York headquartered company, one of the UK’s largest housebuilders, sold 14,868 new homes last year a rise of two per cent compared to 14,551 in 2021. The [...]

  • FTSE 100’s winners and losers in 2022

    December 19, 2022

    The Christmas lull is setting in. Investors are bracing to turn off their screens and get away from the daily City grind. Trading volumes on the FTSE 100 are thinning. It’s also that time of year when financial journalists pick through the UK’s worst (and best) performing stocks over the past 12 months.   Without further [...]

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