Housebuilders boosted by Brexit 'breakthrough' and well-received Berkeley interims
Prime Minister Theresa May has secured a deal with European Union to move Brexit talks onto the next phase
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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Prime Minister Theresa May has secured a deal with European Union to move Brexit talks onto the next phase
The non-farm payroll number beat consensus expectations, coming in at 228,000
Former Express Dairies and Arla Foods chief executive Neil Davidson will take over from Adam Reynolds next month
FTSE 100 closed over 38 points higher on the day to 7,338; FTSE 250 shares added over 81
Builders and building materials
Land promoters will likely be the ones under the real pressure to offload sites they have no intention of developing, which could make it cheaper for housebuilders to buy up land
Builders and building materials
“The industry fundamentals are strong given the government's housing policy, in particular Help to Buy, the low interest rate environment, and the competitive mortgage market”
Persimmon said the total sales rate per site was flat in the third quarter
Investments and investor services
Defensive stocks like BAT and Imperial Brands are in demand suggesting the markets are exercising a bit of caution after the recent record-breaking run ...
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The day ahead includes interims from M&S and trading updates from Wetherspoon and Persimmon
House-builders have had a great run this year, and it may be time to bank profits-or at least stop buying more stock
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Around 4pm, the UK blue chip index fell 14 points to 7,490 as the Bank of England's interest rate decision looms
Builders and building materials
Barratt shares were helped by the upgrade to ‘outperform’ from ‘neutral’ by Credit Suisse, which also raised its target price for the stock to 702p from 578p
Sterling's decline is good news for the FTSE100, which has a lot of big dollar earners in its midst
Builders and building materials
The scheme has driven demand for new houses in recent years, with around 40% of buyers using it to purchase their homes
Healthy employment levels and a competitive mortgage market continued to support housing demand in the first half
The FTSE 100 rose 63 points to 7,382 and the pound has slipped amid Brexit fears
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Aside from the two mining blue chips, FTSE 100-listed housebuilder Persimmon PLC will also report its first half results on Tuesday
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Week ahead includes first half results from Persimmon PLC, Antofagasta PLC, Cairn Energy PLC, Premier Oil PLC, WPP PLC; full year numbers from BHP Billiton PLC
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Very quiet day ahead with only an AGM for System1 Group - formerly known as Brainjuicer - and the University of Michigan preliminary consumer confidence reading for August due