Week Ahead: Persimmon expected to shrug off Brexit fears
Approvals remained ahead of last year in the run-up to the EU membership referendum but what about after it?
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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Approvals remained ahead of last year in the run-up to the EU membership referendum but what about after it?
London blue-chip and mid-cap stocks closed higher on Monday and both indices marked a fresh 14-month high with healthcare equipment, miners, pharma and biotech sectors driving the gains
Leading stocks pushed on over the lunchtime session, helped by the strength of oil stocks as the price of Brent crude rallied
The FTSE 100 edged higher on the back of little or no corporate news, but the FTSE 250 retreated as Bovis disappointed with its trading update
London’s blue-chip shares advanced to 14-month highs on Friday and mid-caps reclaimed pre-Brexit levels as investors continued to lap up UK monetary easing and built on that with news that Wall Street’s S&P 500 hit a fresh record high after
London shares closed softer on Wednesday after energy stocks absorbed news that regulators plan a price cap – knocking sideways the benefit of a surge in banking stocks
Archive
Despite downgrading a whole host of housebuilders on Tuesday, Deutsche Bank said it was still positive about the sector and was merely adjusting its estimates to reflect Brexit uncertainty
Builders and building materials
London’s FTSE100 closed higher on Thursday after a session spent in positive territory from the very beginning, thanks to a clutch of measuredly positive UK data
Investments and investor services
Housebuilders drove the Footsie 73.14 points higher to 6536.73 as house prices surprised on the upside
Investments and investor services
Housebuilders were in the money after Halifax reported higher property prices in June
A look at some significant share movers on Tuesday. July 5
Investors won’t be able to buy or sell units in the fund until further notice. The managers are looking to raise cash by selling off some of the portfolio.
Investments and investor services
The FTSE 100 didn't get off to a great start this morning.
House-builder increased legal completion volumes by 6% to 7,238 new homes in the six months to June 30
With the possible exception of the banking sector, the housing market has been the big loser since the Brexit vote
Reports have suggested the EU referendum result is likely to depress house prices
London’s FTSE 100 index on Wednesday closed above “Brexit” crisis levels for the first time since the morning of the In-Out European Union referendum polling last Thursday
As the status quo is unlikely to change in the immediate term, some Brexit worries have been set aside - even if it's just for now.
House builders, financials and airline IAG, which issued a profit warning, took an absolute battering today.
Britain's premier share index is down 4.49% at the midday point, while other European shares are tanking