Housebuilder Persimmon has issued a trading update detailing a 4.5% fall in half-year revenues to £1.75bn, as a focus on improving quality and customer service meant fewer homes were sold. Of the new homes sold in the period, 52% were to first-time buyers. Chief executive Dave Jenkinson says the company’s strategy is "beginning to bear fruit" with “some encouraging improvements being made right across the business”.
Persimmon Plc (PSN.L) Announced, in its trading update for half year results to 30 June 2019, that the company has taken a decision to delay sales release to later stage of construction in higher demand locations beginning to deliver anticipated benefits. The company’s total revenues stood at £1.754 billion, compared to £1.836 billion in 2018. Legal completions done were 7,584 that 8,072 in 2018, reflecting the outcome of our customer service initiatives and later sales releases which reduced average active sites by 8.0% in 1H. The company anticipates underlying housing operating margin2 of 30.8% for full year 2018 to be a reasonable guide for 1H 2019.
RNS Number: 4297 E Persimmon PLC 04 July 2019 TRADING UPDATE. Persimmon's total revenues 1 for the first six months of 2019 were £1.754 bn. Housing revenues for the first six months of £1.645 bn were 5.6% lower than the prior year, with new housing legal completion volumes of 7,584 new homes at an average selling price of c.
Shares in Persimmon (PSN) were down 4 per cent in early trading after a National Audit Office report found that the government’s help-to-buy scheme had exposed it to “significant market risk” and that some buyers could be left with negative equity if house prices fall. Under the scheme, launched by former chancellor George Osborne in 2013, buyers could put down a deposit of as little as 5 per cent of the value of a home up to £600,000 and receive an equity loan from the government of up to 40 per cent in London and 20 per cent elsewhere. We remain sellers of Persimmon, with half of the housebuilder’s customers using the scheme last year.
Persimmon Plc announces that it has been notified that on 10 June 2019 Rachel Kentleton, Non-Executive Director, and her husband Neil Thompson, sold 658 shares in the Company which they held jointly at an average price of £2040.2616. Rachel Kentleton subsequently purchased 658 shares for her ISA at an average price of £2040.6031.. RNS is approved by the...
RNS Number: 9707 A Persimmon PLC 03 June 2019 BLOCK LISTING SIX MONTHLY RETURN. Information provided on this form must be typed or printed electronically and provided to an ris.. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 0245 A Persimmon PLC 23 May 2019. A block listing application has been made for 90,000 ordinary shares of 10 p each in the Company to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
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RNS Number: 6505 X Persimmon PLC 01 May 2019. Persimmon plc announces the following trading update covering the period from 1 January 2019 to date, ahead of its Annual General Meeting which is being held at 12.00 noon today.. The Group's current forward sales position is strong with total forward sales revenue, including legal completions taken to date in 2019, of...
Persimmon Plc (PSN.L) Announced that Claire Thomas will join the Board as an Independent Non-Executive Director with effect from 1 August 2019. Claire will also be appointed as a member of the company's Remuneration and Nomination Committees on the same date.
Housebuilder Persimmon has announced a “customer care improvement plan” that will allow buyers' solicitors to retain 1.5% of the value of new homes until "any faults identified at the point of key release are resolved". The move, which will mean solicitors retaining an average £3,600 per property, follows criticism of the quality of UK new homes.
Named after a Derby winning horse in the 19th century, Persimmon was established in 1972 and currently operates on around 400 developments around the country. The York-based group owns the premium brand Charles Church and in 2006 acquired Westbury to make it the UK's largest house builder.