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.
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Only three other FTSE 100-listed companies are scheduled to unveil updates – housebuilder Persimmon, Irish construction group CRH, and Middle East hospitals operator NMC Healthcare
The Footsie closed the day in positive territory, just, but was down on the week as a whole
Berenberg has initiated coverage on 11 house-builders and not one of them is a 'sell' in its book
The UK blue-chip index closed around 50 points lower at 7,658, while FTSE 250 was also down - over 99 points at 20,753
Fiona Cincotta, senior market analyst at City Index, said the UK was now at a crossroads..
Builders and building materials
The house-builders continue to make money hand over fist in an environment that seems to have been cultivated to maximise their profitability but profitability may have peaked
‘Persimmon is still selling more houses at higher prices, but business is not booming like it was last year. Indeed the share price has fallen by more than 10% in the last month," noted Laith Khalaf at Hargreaves Lansdown
Investments and investor services
FTES 100 was up 38 points to 7,611 in early afternoon trading
Archive
Homes - built by Bovis and Persimmon and listed for sale by Purplebricks - will be in focus on Thursday, as will clothes sold by Primark and SuperDry.
Archive
The week ahead will see quarterly results from Sainsbury's and AB Foods, trading updates from Bovis Homes and Persimmon, and full year earnings from SuperDry
Investments and investor services
The FTSE 100 has clawed back all of this morning's losses and some, while the ECB has unveiled plans to end its quantitative easing programme in December
Archive
Aside from the ECB meeting, the day ahead also includes an annual general meeting for Wm Morrison Supermarkets, and updates from PZ Cussons and Majestic Wine
Builders and building materials
Despite a contrasting set of numbers today from Crest Nicholson and Bellway, there remains similarity regarding the housing markets’ slowdown and its effect on their balance sheets
With the Trump-Kim meeting and various pieces of economic data behind us, all eyes are turning to Parliament, which is set to vote on amendments to the EU Withdrawal Bill today and tomorrow
Builders and building materials
The US investment bank upped its stance for Barratt to ‘overweight’ from ‘neutral’ and cut Taylor Wimpey back to ‘neutral’ from ‘overweight’, leaving price targets for both unchanged
Britain's second-largest housebuilder said that total forward sales revenue, including completions were up by about 8% to £2.76bn in the year to date
Resource stocks suffer as US dollar makes headway on forex markets
Archive
Day ahead includes first-quarter updates from blue chip firms Lloyds Banking Group, GlaxoSmithKline, Whitbread, and Persimmon ...
Builders and building materials
UK housebuilders underperformed the wider market in the first quarter which is normally a bad sign for the rest of the year, but analyst Charlie Campbell thinks things could be different this time around
The FTSE 100-house builder said the extension had strong support from its five relationship banks and that the RCF was an important element in its ongoing growth strategy to meet UK market demand
