Tag: Persimmon

Persimmon encouraged by improved sales

Persimmon encouraged by improved sales

Persimmon, which is the UK’s largest housebuilder by market value, has today said it is encouraged by improved sales and a “modest improvement” in lending. It said it expects to market to pick up over the latter half of 2011 and expects prices to rise over the year. The company said it completed 4,439 homes […]

July 5, 2011 More
Persimmon reports rise in sales reservations

Persimmon reports rise in sales reservations

Persimmon, which is the UK’s largest housebuilder by market value, has today reported a 12% rise in sales reservations in the first three months compared with a year ago. Furthermore, the housebuilder said its order book had risen to £1.14 billion – up from the £565 million at the start of the year. The figures […]

April 21, 2011 More
Persimmon encouraged by strong start in 2011

Persimmon encouraged by strong start in 2011

Persimmon, which is the UK’s largest housebuilder by market value, has announced full-year underlying pre-tax profit jumped to £95.5 million compared with £7 million in the previous year. The company said it sold more homes at higher prices and it is “encouraged” by the group’s performance in the first two months of the year, with […]

March 2, 2011 More
Bovis Homes optimistic as it resumes dividend

Bovis Homes optimistic as it resumes dividend

Housebuilder Bovis Homes has today issued a positive trading statement after saying it expects profits to be ahead of expectations for the 2010 year. The company, which is one of the smaller listed housebuilders, said it will also start paying dividends again to shareholders. Many housebuilders took a battering during the housing market slump and […]

January 14, 2011 More
Barratt reports fall in completions

Barratt reports fall in completions

Housebuilder Barratt Developments has issued its first half trading update, delivering a mixed picture. The firm, which is one of the largest housebuilders by volume, said completions fell to 4,832 units from 5,053 in the first half, as private completions dropped. Revenues were unchanged at £875 million but its operating margin grew to 5% from […]

January 12, 2011 More
Housebuilder Persimmon hit by reduced sales activity in December

Housebuilder Persimmon hit by reduced sales activity in December

December’s heavy snowfall had a negative impact on many companies and housebuilder Persimmon was no exception. The housebuilder, which is the UK’s second largest by market value, said sales activity fell by 50% in December but said it had been an encouraging start to the year. The company reported a considerable increase in underlying profits […]

January 10, 2011 More
Taylor Wimpey sees trading in line with expectations

Taylor Wimpey sees trading in line with expectations

Housebuilder Taylor Wimpey today said it had experienced a homebuyer slowdown, as a result of the Government’s spending cuts, which has deterred potential buyers. Its comments echo those of Persimmon who yesterday said there was little evidence of the traditional autumn period which usually sees families flock to new housing developments as the school summer […]

November 16, 2010 More
Persimmon: Housing market still suffering amid lack of mortgage availability

Persimmon: Housing market still suffering amid lack of mortgage availability

Housebuilder Persimmon today added to the gloom surrounding the housing market after suggesting the lack of mortgage availability continues to prevent a recovery. The housebuilder, which is the UK’s second largest by market value, said that while it experienced a slight improvement in sales in during September – it was not the traditional pick-up noted […]

November 15, 2010 More
House builder Persimmon achieves 16% rise in sales

House builder Persimmon achieves 16% rise in sales

House builder, Persimmon, has reported a rise in sales during the six months to the end of June 2010, with legal completions increasing by over 16% compared with a year earlier, to 4,657. Since early May, private sales have slowed down, partly in line with seasonal trends and partly due to uncertainty prior to the […]

July 6, 2010 More
Persimmon upbeat on sales and prices

Persimmon upbeat on sales and prices

Housebuilder Persimmon has reported that weekly sales volumes have remained consistent since the end of 2009, despite uncertainty regarding the wider economic outlook and the forthcoming General Election. In a trading update covering the period 1st January to 22nd April, the group revealed that the total value of sales (including legal completions) forged ahead by […]

April 25, 2010 More
House builder Persimmon sold out for 2009

House builder Persimmon sold out for 2009

In a trading update covering 1st July to 16th November 2009, Persimmon has announced that trading activity levels have continued ahead of last year. The group, which includes Charles Church and Westbury, described sales volumes over recent weeks as “satisfactory”, having been maintained from the “encouraging” levels seen in the summer months. In addition, prices […]

November 17, 2009 More
Persimmon joins Bovis reporting signs housing market stabilisation

Persimmon joins Bovis reporting signs housing market stabilisation

Persimmon has joined Bovis Homes in reporting signs of stabilisation in the UK housing market, with selling prices holding their own across the UK and sales ahead of expectations during the summer months. According to the group, the mortgage market and the downward pressure of valuations on prices have both shown signs of improvement, although […]

August 25, 2009 More
Persimmon cautious as recovery beckons

Persimmon cautious as recovery beckons

Persimmon has added to signs of recovery in the UK housing market by reporting improved results for the first quarter of 2009. However, chief executive Mike Farley has warned that the market is still fragile, with sales down nearly 30% year-on-year to £960 million. Visitor levels were down 15% compared to a year ago, although […]

April 24, 2009 More
Persimmon and Bovis feel the pain as sales plummet

Persimmon and Bovis feel the pain as sales plummet

Housebuilder Persimmon has reported that it completed the sale of 10,202 units in 2008, down from 15,905 in 2007. The developer described the short-term outlook for the UK housing market as challenging and expects to record a 42% fall in revenues in 2008, compared with the previous year. Last year, the average selling price of […]

January 9, 2009 More
Persimmon’s cancellation rates soar

Persimmon’s cancellation rates soar

Persimmon has reported that its cancellation rates have risen to 35%. In an interim statement, the housing developer said that the number of potential buyers who put down deposits of up to £700 on new homes and later withdraw, is now around 20% higher than its pre credit crisis average. Describing trading conditions as having […]

October 28, 2008 More
Persimmon’s sales plummet amid stamp duty confusion

Persimmon’s sales plummet amid stamp duty confusion

Housing developer, Persimmon, has reported a 30% fall in sales of new homes in the six months to the end of June. The company sold 5,501 new homes during the period, down from 8,002 in the first half of 2007. Blaming the UK’s shrinking mortgage market for plummeting sales, Persimmon has also revealed that the […]

August 21, 2008 More
Persimmon and Halifax promise to double deposits

Persimmon and Halifax promise to double deposits

Persimmon has joined forces with Halifax to help first-time buyers enter the property market. The housebuilder’s “double your deposit” scheme does exactly what it says as long the funds are used to buy a new Persimmon home. To participate in the offer, a would-be homeowner needs to make regular deposits of up to £5,000 into […]

August 6, 2008 More
Housebuilders’ woes increase as sales plummet

Housebuilders’ woes increase as sales plummet

Yesterday’s announcement that housebuilder Persimmon has cut around 2,000 jobs since the start of the year has been followed by further gloomy news from Bovis Homes and Redrow, which are also reducing staff numbers. The firms expect to cut 400 and 550 jobs respectively, blaming the losses on the credit crisis and high mortgage costs. […]

July 9, 2008 More
Persimmon halts new developments as sales plummet

Persimmon halts new developments as sales plummet

Britain’s largest housebuilder, Persimmon, is calling a halt to all planned developments until mortgage conditions have improved. The company has reported a sharp decline in sales over the past three weeks, despite April traditionally being the busiest time of the year for housebuilders, and has recorded a 24% decline in sales since the beginning of […]

April 28, 2008 More