Persimmon PLC

Persimmon Plc is a holding company, which engages in building, designing, and construction of new homes. Its brands include Charles Church, Westbury Partnerships, Space4, Brickworks, and Tileworks. The company was founded by Duncan Henry Davidson in 1972 and is headquartered in Fulford, the United Kingdom.

Persimmon PLC said it expects margins to remain resilient even though it is seeing staff and raw material costs rise. Shortages of components, skilled staff and rising wages have been highlighted across the construction sector since the end of lockdown, but Persimmon said it expects to generate superior and sustainable returns going forward.

Persimmon sees housing market staying strong as profits rebound

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Persimmon PLC (LON:PSN) said order books are healthy and demand for new homes is strong right across the UK. To meet the demand, the housebuilder added it had bought a further 10,000 plots in 48 sites.

Persimmon buoyed by surging house price inflation

British homebuilder Persimmon Plc reported higher half-year revenue on Thursday and said it expected housing demand to remain robust beyond a tax holiday, as customers sought bigger homes after saving more during the lockdowns.

UK's Persimmon sees sustained housing demand beyond tax holiday

Aviva PLC (LON:AV.) and Persimmon PLC (LON:PSN) have agreed to abandon 'doubling ground rent' leases and reimburse buyers of houses with them.

Aviva and Persimmon to repay ground rent on unfair leases

Housebuilders Vistry PLC (LON:VTY) and Persimmon PLC (LON:PSN) look set for a boost from an upgrade in their environmental credentials, according to broker Jefferies. Both are among the worst-ranked of the listed housebuilders for their ESG credentials by index compiler MSCI, but this gives scope for them to improve in the next annual review which is coming around for them shortly.

Housebuilders Vistry and Persimmon can get boost from ESG upgrade suggests Jefferies

In an announcement on Wednesday, Persimmon plc (LON: PSN) said its private sales in 2021 to date have posted an increase. Customer enquiries, the company added, have also been encouraging in recent months.

Persimmon says private sales have remained upbeat in 2021 to date

Persimmon PLC (LON:PSN) said house sales so far in 2021 are running 11% higher than the year before the pandemic as the UK's mini-housing boom continues. Forward sales for the period from 1 January to now are now £3bn, it added, or 23% above a year ago when the pandemic struck and compared to  £2.7bn in 2019.

Persimmon says house sales 11% above per-pandemic levels

Persimmon Plc (PSMMF) CEO Dean Finch on 2020 Full Year Results - Earnings Call Transcript

Persimmon plc (LON: PSN) said on Wednesday that its profit and revenue posted a decline in 2020 due to the ongoing Coronavirus pandemic. The company said that signs of recovery were evident in H2 of the previous year.

Persimmon's profit slides in 2020 due to the COVID-19 disruptions

Persimmon PLC (LON:PSN) said house demand has remained strong at the start of 2021 with forward orders of £2.3bn or 15% higher than this time last year and sales up by 7%. The FTSE 100 housebuilder sold 13,575 homes in the year to end-December 2020, down 14% on 2019, but said it expects to see this recover to numbers similar to 2019 in the current year.

Persimmon says housing demand has remained strong in 2021

Persimmon PLC (LON:PSN) is to set aside  £75mln to rectify safety issues related to cladding on apartments blocks it has built but is refusing to pay for complete removal. Cladding has been a hugely controversy ever since the 2017 Grenfell Tower disaster and yesterday the government announced it would make a statement on extra funding later today.

Persimmon sets aside £75mln for dangerous cladding removal

Persimmon plc (LON: PSN) said on Wednesday that its revenue in 2020 came in 9% lower on a year over year basis. The company warned that the new variant of the Coronavirus is likely to hurt UK's housing market in the upcoming months.

Persimmon says its revenue came in 9% lower in fiscal 2020

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The stocks of several London home builders were getting a boost on Wednesday after lender Halifax reported a 7.3% rise in annual house prices and a 12-year high for mortgage applications.

London Markets: Homebuilder stocks rise in London after mortgage applications soar

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Shares of Persimmon PLC (LON: PSN) soared 6% on Tuesday after the homebuilder said it has made an excellent start to the second half of 2020. As a result, the firm has proposed a modest dividend.

Persimmon stock price soars 6% on an “excellent” start to H2 2020

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Persimmon plc (LON: PSN) said on Thursday that its revenue in the first half (H1) of the ongoing financial year came in 32% lower. The British housebuilder attributed the decline to the Coronavirus pandemic that brought construction activities to a near halt in recent months and delayed deliveries.

Persimmon’s revenue tanks 32% in the first half as COVID-19 halts construction activities

Persimmon: A Debt-Free Housebuilder To Buy On Future Weakness

Shares of Persimmon PLC (LON: PSN) have gained more than 6% on media reports that the UK government is considering tax cuts to support the troubled economy. Persimmon share price hit a new 4-week high on this news.

News for Persimmon PLC Stock (PSMMY)