menu search

PSMMY / Persimmon reports rising cancellations and warns of falling prices and margins

Persimmon reports rising cancellations and warns of falling prices and margins
Persimmon PLC (LSE:PSN) took an extra building safety £350mln provision, reported an increase in cancellation rates and warned of falling house prices and margins in 2023. As a result, the FTSE 100 builder cautioned “it is too early for us to provide specific guidance for 2023 given the recent and rapid change in market conditions; our current expectation is for fewer legal completions than in 2022 and this together with a deterioration in average selling prices will have an impact on 2023 margins. Read More
Posted: Nov 8 2022, 02:46
Author Name: Proactive Investors
Views: 102552

PSMMY News  

Will Barratt Developments back up Persimmon's green shoots?

By Proactive Investors
April 28, 2023

Will Barratt Developments back up Persimmon's green shoots?

An update from Barratt Developments PLC (LSE:BDEV) comes after housebuilding rival Persimmon's hints of green shoots gave a lift to the sector. "Mar more_horizontal

Persimmon new home completions tumble 42%, some green shoots

By Proactive Investors
April 26, 2023

Persimmon new home completions tumble 42%, some green shoots

Persimmon PLC (LSE:PSN) reported a 42% fall in new home completions in the first quarter but said there were some signs of encouragement. The FTSE 100 more_horizontal

Former Persimmon boss

By Proactive Investors
March 22, 2023

Former Persimmon boss "Moneybags" sets up new venture

The former boss of housebuilder Persimmon who landed one of the biggest bonuses in British corporate history has set up a new venture with his wife. more_horizontal

Persimmon a 'sell', says American bank

By Proactive Investors
March 13, 2023

Persimmon a 'sell', says American bank

Persimmon PLC (LSE:PSN) shares have tumbled 46% in the last year and are likely to continue their downward trajectory, according to a leading American more_horizontal

Housebuilders agree to fix cladding on deadline day after 2017 Grenfell tragedy

By Proactive Investors
March 13, 2023

Housebuilders agree to fix cladding on deadline day after 2017 Grenfell tragedy

Redrow PLC (LSE:RDW), Persimmon PLC (LSE:PSN) and Bellway PLC (LSE:BWY) were among housebuilders that agreed to repair unsafe cladding on Monday, fol more_horizontal

Persimmon Shares Tank 11%, Builder Becomes FTSE 100's Biggest Faller

By Forbes
March 1, 2023

Persimmon Shares Tank 11%, Builder Becomes FTSE 100's Biggest Faller

Housebuilder slashes dividend as it warns of a difficult year ahead. more_horizontal

Persimmon creaks as end to Help to Buy adds to sector woes

By Proactive Investors
March 1, 2023

Persimmon creaks as end to Help to Buy adds to sector woes

It's only four years since Persimmon PLC (LSE:PSN) reported annual pre-tax profits of £1.1bn and pumped £75mln into its bosses bank account but toda more_horizontal

Persimmon sees lower completions in 2023 denting margins

By Proactive Investors
March 1, 2023

Persimmon sees lower completions in 2023 denting margins

Persimmon PLC (LSE:PSN) warned that a drop in expected completions in 2023 would hit margins as it reported a fall in annual pre-tax profits. The FTSE more_horizontal


Search within

Pages Search Results: