Company
LON:PSN
Persimmon is a house building company, which has been trading since 1972, and operates under three main brands, Persimmon Homes, Charles Church and Westbury Partnerships.
460 stories · page 11 of 23
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The Week Ahead will bring trading updates from the likes of M&S and Debenhams on the general retail front and all three of the listed UK supermarket groups – Morrisons, Sainsbury’s, and Tesco
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At the close, the FTSE 100 was down 71.93 points, or 1.1% at 6,773.24, just above the session low of 6,761.37 and well below the early high of 6,845.17.
The broker said with the housebuilding sector pricing in significant risk after a challenging 2018, it now presents an attractive potential value opportunity
Builders and building materials
In a note to clients, the broker upgraded Barratt, Bovis Homes, and Crest Nicholson to ‘Buy’ from ‘Hold’ off what it said was an upside of “at least 20%” if a smooth Brexit materialised
The premier index of UK shares finished down nearly 59 points at 6,980. Mid-cap cousin FTSE 250 shed over 128 points at 18,480.
The chief negotiator for the EU, Michel Barnier, has proposed extending the transition period for the UK to leave the bloc until as late as 2022. Theresa May said she was not keen on the idea
“Lower interest rate hike expectations, coupled with the fear that a no-deal Brexit could bring chaos to trade, are raising worries over the performance of UK banks going forward,” said IG market analyst Joshua Mahony
On Wall Street, the Dow Jones Industrial Average is down over 423 points at 25,565, while the S&P 500 is off around 37
Fairburn joined the housebuilder’s board back in 2009, since when his wealth has soared, especially of late
Persimmon said it had requested Jeff Fairburn resign as it believed the “distraction” around his pay continued to have a “negative impact on the reputation of the business”
The UK's premier benchmark index finished over 76 points higher, or 1.09%, at 7,117
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The latest interest rate decision from the Fed will be vying for attention as markets digest the results from Tuesday's midterm elections
The FTSE 100 closed strongly as it joined a global rebound off last weeks volatility, however the latest Budget did little to help matters along
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Another profit warning from Crest Nicholson plus the previously buoyant East Anglia housing market joining London and the South-East in the doghouse is further evidence the sector has peaked
The UK blue-chip index closed down around 14 points at 7,495 as the stronger pound weighed
It was around that level most of the day and closed at 7,304 - that's up around 0.37% on the week
The UK blue-chip index finished up over 72 points at 7,504, while the mid-cap FTSE 250 was also higher
Persimmon's new home sales rose 4% to 8,072 units and the average selling price edged up 1% to £215,813.
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The day ahead includes full year results from BHP Billiton and first half results from Persimmon
FTSE 100 closed ahead as the new trading week began, but off the 7,600 level, adding over 32 points to 7,591
