Persimmon PLC

Persimmon Plc is a holding company, which engages in building, designing, and construction of new homes. Its brands include Charles Church, Westbury Partnerships, Space4, Brickworks, and Tileworks. The company was founded by Duncan Henry Davidson in 1972 and is headquartered in Fulford, the United Kingdom.

Persimmon PLC (LSE:PSN) was graced with an upgrade by Jefferies on Tuesday, as analysts saw potential upside on wider optimism of a recovery within the housing market.  Significant cuts to mortgage rates this year and growing speculation of support for first time buyers in the upcoming spring budget are driving optimism, Jefferies said in a note.

Persimmon upgraded as analysts optimistic on housing market recovery

Persimmon PLC (LSE:PSN) expects the housing market to remain “highly uncertain” in 2024 although it delivered more sales than expected in 2023. But the housebuilder said moderating build costs should benefit new home completions in 2024 and the long-term outlook for new homes is still favourable, it added.

Persimmon sells more homes than hoped in 2023 but market 'uncertain'

Two of Britain's foremost housebuilders, Persimmon PLC (LSE:PSN) and Taylor Wimpey PLC (LSE:TW.), will face off against plummeting house prices and softening buyer demand in the first earnings season of 2024.

Persimmon and Taylor Wimpey: What's in store for housebuilder earnings?

Galliford Try Holdings PLC (LSE:GFRD) group finance director Andrew Duxbury has been poached by FTSE 100 housebuilder Persimmon PLC (LSE:PSN) to be its new chief financial officer. Duxbury has given notice of his resignation to the construction group, which said it has already begun the search to replace him.

Persimmon poaches new CFO from Galliford Try

Persimmon has historically been a profitable housebuilder but fell out of favor due to difficult trading conditions and a cut to its dividend. The overall health of the UK housing market affects all housebuilders, and there are concerns of a potential downturn. Persimmon's performance has been poor, with declining sales volumes, margins, and earnings. The company's outlook foresees a decline in completions and struggling business.

Persimmon: Tough Market Is Now Priced In (Rating Upgrade)

Shares of Persimmon PSN, +4.95% led the U.K. housebuilding sector higher Tuesday after the London-listed company reported an improvement in autumn sales and a survey showed the first increase in home prices in seven months.

Persimmon shares lead U.K. housebuilders higher on better sales and news of higher prices

Persimmon PLC (LSE:PSN) said it had seen a strong upturn in sales since October as it raised its expectations for the number of home sale completions it expects for the year.  The housebuilder said in the past five weeks private sales rates have improved to 0.59, compared to 0.45 last year, showing a “strong pick up” since the start of October.

Persimmon sees pick up in sales but trading remains challenging

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For Associated British Foods PLC (LSE:ABF), news about its Primark fast-fashion chain will dominate the results, along with any follow-up to its £500 million share buyback and guidance for the coming year

Primark, Direct Line and Persimmon: An eclectic mix for Tuesday

Hopes that interest rates have peaked and with it mortgages have seen housebuilders stage a rally in recent weeks. Other things going their way have been planning law changes and an easing of material cost inflation, but updates next week from three of the UK's top builders will see if the recent optimism is premature.

Sales rates key for housebuilders as Persimmon and Taylor Wimpey update

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The FTSE 100 index had a strong performance this week as investors reacted to important UK earnings and the Federal Reserve and Bank of England (BoE) decisions. Some of the top earnings came from oil giants like BP and Shell.

FTSE 100 analysis ahead of Beazley, Flutter, Persimmon, AstraZeneca earnings

Management's shift towards prioritizing gross margins over growth is seen as a positive move, and the market has reacted positively with a 7% stock price increase since August 2023. There is potential for PSMMF to experience organic gross margin improvements, given the robust gross margins within its landbank. Anticipated improvements in profit margins are expected as management streamlines operations and enhances efficiency, with cost-saving initiatives such as specification reductions and overhead savings.

Persimmon: Stock Trading At 1x Book Value Is Cheap

Housebuilders continued to rally as the City digested the changes to planning laws announced by the government earlier in the week. Key to the changes are the removal of the nutrient neutrality requirement for new housing developments which is likely to ease planning bottlenecks for more than 100,000 homes between now and 2030, said Citi.

Persimmon, Taylor Wimpey rally continues after planning changes

Barratt Developments PLC

Shares in housebuilders are firmly on the front foot after the government announced it was scrapping UK environmental rules that developers say have prevented tens of thousands of homes from being built in recent years. Persimmon PLC (LSE:PSN) rose 3.4%, Barratt Developments PLC climbed 2.7%, Taylor Wimpey PLC advanced 2.5% and Vistry Group PLC gained 4.5%.

Persimmon, Barratt, Vistry up as environmental rules scrapped

Subsiding asking prices for homes in the UK hit housebuilders early on Monday, with Taylor Wimpey PLC (LSE:TW.), Persimmon PLC (LSE:PSN) and Barratt Developments PLC (LSE:BDEV) leading the FTSE 100's fallers.

Taylor Wimpey, Persimmon, Barratt tumble as falling asking prices weigh in

Persimmon (LON: PSN) share price drifted downwards on Tuesday as Warren Buffett invested in American homebuilders. The stock dropped to a low of 1,078p, the lowest level since July 18th.

Persimmon share price analysis as Warren Buffett scoops US builders

Persimmon Plc is a leading house builder in the United Kingdom. Persimmon has grown its revenue at a CAGR of 8%, reflecting attractive industry dynamics in the UK. We are bullish on the UK housing market given the systemic issues, such as the under-supply of homes and its attractive qualities which encourage positive migration.

Persimmon: Homebuilder In Attractive U.K. Market

Persimmon PLC (LSE:PSN) remains on course to hit current profit expectations despite a brutal first half which saw revenue, profit and completions tumble as rising interest rates took their toll on the housing market. Chief executive Dean Finch said: “Against a backdrop of higher mortgage rates, the removal of Help to Buy and significant market uncertainty, Persimmon has delivered a robust sales rate excluding bulk sales whilst growing the private average selling price in our forward order book and also securing cost savings.

Persimmon's profit hit by rising rates but holds guidance

Persimmon said it expects annual profit to be in line with its expectations after posting a 65% slump in the half year period as the housing sector grappled with subdued demand in the wake of rising mortgage rates.

UK housebuilder Persimmon sees annual profit in line with expectations

Entain PLC

Wednesday's earnings mirror that of the day before, with a housebuilder and betting group taking centre stage in the form of Entain and Persimmon interims. US inflation figures will come later in the day, at around 1.30 pm GMT, and analysts hope that a fall in CPI will help make the Fed's most recent interest rate hike the last.

Entain and Persimmon interims on Wednesday plus US inflation

Persimmon PLC (LSE:PSN) reports interim results on Thursday, 10 August, after opting out of an anticipated trading update last month. A difficult start to the year for prospective homeowners had seen the FTSE 100-listed builder pen a 37% slump in sales rates during the first quarter to 0.62, as rising interest rates hit the market.

Persimmon results finally due after July update no-show

Housebuilding and real estate shares topped the FTSE 100 and FTSE 250 leaderboards on Wednesday after UK inflation eased.

Housebuilders and property developers rally hard as interest rate outlook reviewed

UK housebuilder stocks were the top underperformers on Thursday. Barratt Developments shares dropped by over 5%, making it the worst-performing company in the FTSE 100 index.

Persimmon share price is at risk after Barratt warning

Barratt Developments PLC (LSE:BDEV) reports this week, following the curious non-appearance of fellow FTSE 100-listed rival Persimmon's trading update last week. The Newcastle-based builder will be closely watched for news on how the current mortgage uncertainty is affecting business.

Barratt to update on housing market on Thursday after no-show from rival Persimmon

Housebuilder Persimmon PLC (LSE:PSN) releases its first-half trading update on Thursday with plenty of nervousness surrounding the sector. The FTSE 100-listed shares have halved in a year, reflecting worries about the upward turn in interest rates, an end to government support schemes, a dividend cut and expectations of lower profits.

Can housebuilder Persimmon calm industry nerves on Thursday?

Housebuilder Persimmon releases its first-half trading update on Thursday (6 July) with plenty of nervousness surrounding the sector. Latest housing data suggests demand is still reasonable but the impact of the recent mortgage rate rises has yet to be really felt Persimmon's share price has halved in a year due to the worries, which reflect the upward turn in interest rates and also an end to government support schemes such as the stamp duty tax break and Help to Buy.

News for Persimmon PLC Stock (PSMMY)