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City

Persimmon reports strong housing demand despite revenue slump

Persimmon has hailed “strong demand” for its new homes despite posting a fall in revenues and profits for the past six months. The housebuilder provided a positive outlook for investors despite wider signals of a slowdown in housing demand from ...

17 Aug 2022 at 13:23

City

Labour and material shortages to drag down building volumes for Persimmon

The cost impact of labour shortages and supply chain disruption on the housebuilding sector will be picked apart by investors when Persimmon unveils its half-year financial results on Wednesday. In July, the housebuilding giant warned that a ...

16 Aug 2022 at 14:25

Housebuilders boosted by stamp duty cuts and moves to free up planning

Housebuilders have seen shares lift higher after the Chancellor’s move to slash stamp duty and reform Britain’s planning system. Vistry – formerly known as Bovis Homes – and rivals Countryside and Crest Nicholson enjoyed solid gains in the ...

23 Sept 2022 at 12:59

City

Persimmon boosts sales but warns over economic impact of Ukraine conflict

Housebuilder Persimmon enjoyed a boost in revenues and rising house prices as it benefited from a strong market. But the company said it could see disruption to the UK economy as a result of the conflict in Ukraine. Economists believe ...

02 Mar 2022 at 09:25

City

Crest and Taylor Wimpey reveal hefty bills for cladding works after new pledge

Housebuilders Crest Nicholson and Taylor Wimpey have revealed further hefty bills after vowing to carry out more fire safety works on tall buildings in the wake of the Grenfell Tower tragedy. The firms are among those to sign up to ...

05 Apr 2022 at 17:25

City

Monthly mortgage costs doubled for some first-time buyers, Persimmon says

The monthly cost of mortgage payments for some first-time buyers has approximately doubled over the past year, housebuilder Persimmon said as it warned over a slump in housing sales in recent months. The British builder revealed ...

12 Jan 2023 at 11:45

City

Persimmon sees ongoing recovery in homebuyer demand

Housebuilder Persimmon has said demand from homebuyers has continued to recover throughout the first quarter and into April, but revealed there was little respite from soaring build costs. The Charles Church group said recent ...

26 Apr 2023 at 09:11

City

Big four housebuilders sign up to post-Grenfell cladding pledge

Five of the UK’s big housebuilders have signed new deals with the Government designed to ensure they fix cladding problems that were discovered after the Grenfell fire. Persimmon, Taylor Wimpey, Crest Nicholson, Bellway and ...

13 Mar 2023 at 15:45

City

Rightmove says it is untroubled by cooling off in the property market

Online real estate agent Rightmove does not expect to be significantly affected by a wave of uncertainty rippling through the property market which has forced some housebuilders to dramatically cut the number of homes they ...

03 Mar 2023 at 08:01

City

Persimmon identifies new buildings needing post-Grenfell upgrades

Housebuilder Persimmon has said it has identified another seven buildings that need to have cladding removed or other fire safety work after the Grenfell fire highlighted the need for change. The business said that after ...

10 Aug 2023 at 09:53

City

Housebuilder Persimmon cautions over ‘highly uncertain’ 2024 as election looms

Housebuilder Persimmon said it sold a third fewer homes last year, but surpassed its own expectations as demand picked up towards the end of 2023. The York-based nationwide builder said property market conditions were ...

10 Jan 2024 at 13:27

City

Persimmon sees annual profit halve and warns 2024 will ‘not be easy’

Housebuilding giant Persimmon has revealed that annual profits have more than halved, and warned 2024 will be another difficult year. The Charles Church builder saw pre-tax profits slump to £351.8 million in 2023 ...

12 Mar 2024 at 09:12

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