Company
Persimmon PLC
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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Persimmon's warning shows cracks are appearing in the housing market but should surprise no-one
The FTSE 100 listed builder said that sales and prices of new build homes have fallen while customers pulling out of deals have increased with the news sending shares down nearly 7%.
Builders and building materials
Persimmon reports rising cancellations and warns of falling prices and margins
The FTSE 100-listed housebuilder said given the recent and rapid change to market conditions it was too early to provide specific guidance for 2023 but it expects fewer completions for 2022 and lower house prices in 2023 will hit margins
Builders and building materials
Persimmon investors to focus on sales numbers
The builder delivers its trading update on Tuesday.
Builders and building materials
Barclays believes that the European homebuilding market is headed for a "Soft landing, not a crash"
The comments came as the bank's analysts initiated coverage on the European Homebuilding sector with a 'Negative' industry view
Builders and building materials
UK housebuilders ‘more snakes than ladders’ as shares slide on mini-budget
Rising mortgage rates likely to set back expected stability in the market
Builders and building materials
Growth in UK house prices slowed in August with further weakness expected - Nationwide
The pace of growth in UK house prices slowed in August according to building society, Nationwide.
Builders and building materials
UK house sales higher in July, but is 'only a detour'
Bumper summer for property is a 'detour not a change of direction' says one analyst
Builders and building materials
Persimmon interim profits hit by escalating costs and supply chain disruption
Persimmon however said it mitigated some material shortages through its Brickworks and Tileworks factories
Wednesday's news: Inflation again along with Persimmon and Balfour Beatty
Headlines will all be about inflation again tomorrow with Persimmon investors wanting some reassurance after an iffy trading update recently
Builders and building materials
Can Persimmon build its way out of the doldrums?
Housebuilder valuations are at their lowest since 2013, according to Credit Suisse
Builders and building materials
Persimmon shares drop as completions hit by supply chain woes, planning delays
The housebuilder said house price inflation is offsetting rising build costs and forecast half-year profit slightly above expectations
Builders and building materials
Persimmon and Vistry updates to show if investor scepticism is justified
Peel Hunt says it expects a strong update from both companies
Builders and building materials
Cladding to the fore as housebuilders Taylor Wimpey and Persimmon update
Both housebuilders have signed Michael Gove's building safety pledge
Builders and building materials
Gove warns builders of 'consequences' for swerving cladding pledge
Attention will now switch to cladding and insulation companies to get them to sign up
Builders and building materials
Rug pulled from housebuilders as JP Morgan flags cladding and inflation concerns
The US bank has cut its 2023 earnings targets across the sector by 5%.
Builders and building materials
Michael Gove continues frosty relationship with the housing sector
The FTSE All-Share Household Goods and Home Construction sector index is down 19.1% year-to-date, compared to a 1.4% fall for the FTSE All-Share.
Builders and building materials
Housebuilders lifted by reports that cladding replacement bill may be significantly lower than expected
The House Builders Federation hired PwC to calculate an estimate of the costs to remedy unsafe cladding on buildings between 11m-18m high.
Persimmon shares promising an inflation-busting yield of 9.3%
It's not the pariah stock it once was. You might not even need to hold your nose now when buying the shares to enjoy the juicy dividend.
Builders and building materials
Persimmon raises sales but warns of economic impact of Ukraine conflict
Persimmon PLC reported a strong rebound in 2021. The company noted, however, the conflict in Ukraine could cause disruptions in the UK economy.