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United Kingdom

Persimmon PLC (PSN.L)

PSN.L on London Stock Exchange

2,046.00GBp
20 May 2019
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Latest Key Developments (Source: Significant Developments)

Blackrock Helps Persimmon Avert Revolt Over Chief's 25 Mln Stg Pay - Sky News
Wednesday, 1 May 2019 

May 1 (Reuters) - :BLACKROCK HELPS PERSIMMON AVERT REVOLT OVER CHIEF'S 25 MILLION STG PAY - SKY NEWS.  Full Article

Persimmon Sees Overall Build Costs To Increase By About 4 Pct For Year
Wednesday, 1 May 2019 

May 1 (Reuters) - Persimmon PLC ::PERSIMMON PLC - TRADING UPDATE.PERSIMMON PLC - SINCE START OF YEAR NEW BUILD HOUSING MARKET HAS PROVED RESILIENT.PERSIMMON PLC - GROUP HAS RECENTLY CONCLUDED RENEWAL OF ITS £300M REVOLVING CREDIT FACILITY.PERSIMMON PLC - FORWARD SALES POSITION STRONG WITH TOTAL FORWARD SALES REVENUE, INCLUDING LEGAL COMPLETIONS TAKEN TO DATE IN 2019, OF £2,698 MILLION.PERSIMMON PLC - CONTINUE TO EXPECT OUR OVERALL BUILD COSTS TO INCREASE BY C. 4% FOR YEAR.PERSIMMON PLC - BOARD REMAINS CONFIDENT OF FUTURE PROSPECTS OF GROUP..PERSIMMON - RECOMMENDED A SCHEDULED RETURN OF 110P PER SHARE, OR C. £350 MILLION, TO BE PAID TO SHAREHOLDERS ON 2 JULY 2019 AS A FINAL DIVIDEND..PERSIMMON PLC - INDEPENDENT REVIEW INITIAL OVERALL FINDINGS EXPECTED TO BE PRESENTED IN FINAL QUARTER OF 2019.PERSIMMON PLC - ANTICIPATE ACHIEVING A SIMILAR LEVEL OF LEGAL COMPLETIONS IN FIRST HALF AS LAST YEAR.PERSIMMON - GIVEN INCREASED UNCERTAINTIES AROUND FUTURE PERFORMANCE OF UK ECONOMY WE HAVE REMAINED SELECTIVE WITH ACQUISITION OF NEW LAND DURING QUARTER.  Full Article

Persimmon Says David Jenkinson Appointed As Group CEO With Immediate Effect
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - Persimmon PLC ::CEO APPOINTMENT.DAVID JENKINSON HAS BEEN APPOINTED GROUP CHIEF EXECUTIVE WITH IMMEDIATE EFFECT.DAVE JENKINSON HAS AGREED THAT THERE WILL BE NO CHANGE TO HIS REMUNERATION UPON HIS APPOINTMENT AS GROUP CHIEF EXECUTIVE.DAVE JENKINSON WILL NOT PARTICIPATE IN ANNUAL BONUS ARRANGEMENTS IN 2019.DAVE JENKINSON WILL NOT RECEIVE AN AWARD UNDER GROUP'S 2017 SHARE PERFORMANCE PLAN.  Full Article

Persimmon Appoints Dave Jenkinson As CEO; FY Pretax Profit Rises
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - Persimmon PLC ::FINAL RESULTS.APPOINTMENT OF DAVE JENKINSON AS GROUP CHIEF EXECUTIVE ANNOUNCED SEPARATELY TODAY.FY PROFIT BEFORE TAX 1,090.8 MILLION STG VERSUS 966.1 MILLION STG.INTERIM AND FINAL DIVIDENDS OF 125P AND 110P PER SHARE RESPECTIVELY DECLARED FOR 2018.WORKED WITH SUPPLIERS TO IDENTIFY ANY MATERIAL SUPPLIES WHICH MAY BE EXPOSED TO SOME DISRUPTION TO AVAILABILITY AS A RESULT OF BREXIT.FY OVERALL SALES REMAIN IN LINE WITH OUR EXPECTATIONS.WORKING WITH SUPPLIERS TO ADOPT APPROPRIATE MITIGATING MEASURES IN RESPONSE TO BREXIT.FY UNDERLYING OPERATING PROFITS HAVE INCREASED TO £1,091.9M (2017: £966.1M).INCLUDING LEGAL COMPLETIONS TAKEN SO FAR IN 2019, GROUP HAS A STRONG FORWARD SALES POSITION AT £2.02BN.FORWARD SALES POSITION AT £2.02BN AND CURRENTLY ANTICIPATE DELIVERING A SIMILAR LEVEL OF LEGAL COMPLETIONS DURING 2019 AS IN PRIOR YEAR.LACK OF CLARITY WITH RESPECT TO UK'S EXIT FROM EU IS CURRENTLY CREATING ADDITIONAL SALES EXPECTATIONS UNPREDICTABILITY.  Full Article

Persimmon sees 2018 pre-tax profits modestly ahead of market consensus
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Persimmon PLC ::TRADING UPDATE.TOTAL GROUP REVENUES OF £3.74BN WERE 4% HIGHER THAN PRIOR YEAR (2017: £3.60BN).ANTICIPATE PRE-TAX PROFITS FOR 2018 WILL BE MODESTLY AHEAD OF CURRENT MARKET CONSENSUS."UK HOUSING MARKET HAS CONTINUED TO BENEFIT FROM ROBUST EMPLOYMENT LEVELS, LOW INTEREST RATES AND A COMPETITIVE MORTGAGE MARKET"."WHILST FUTURE PERFORMANCE OF UK ECONOMY IS CURRENTLY SUBJECT TO INCREASED LEVELS OF UNCERTAINTY GROUP IS WELL POSITIONED".FY LEGAL COMPLETION VOLUMES INCREASED BY 406 NEW HOMES, A 3% INCREASE, TO 16,449 (2017: 16,043).  Full Article

Persimmon Says Customer Activity Strengthened In Line With Traditional Seasonality Of Market
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Persimmon PLC ::WITH START OF AUTUMN SEASON CUSTOMER ACTIVITY HAS STRENGTHENED IN LINE WITH TRADITIONAL SEASONALITY OF MARKET.PRIVATE SALES IN PERIOD SINCE WE REPORTED OUR HALF YEAR RESULTS ON 21 AUGUST 2018 HAVE BEEN 3% AHEAD OF LAST YEAR'S STRONG COMPARATIVES.GROUP'S OUTLET NETWORK HAS BEEN C. 5% STRONGER THROUGH PERIOD SINCE HY AND WILL CONTINUE TO SUPPORT SALES THROUGH INTO 2019.NOW FULLY SOLD UP FOR CURRENT YEAR AND HAVE C. £987 MILLION OF FORWARD SALES RESERVED BEYOND 2018, INCREASE OF 9% ON SAME POINT LAST YEAR.HAS MADE SIGNIFICANT INVESTMENTS IN OUR NEW BRICK MANUFACTURING PLANT WHICH IS NOW OPERATING AT CAPACITY.HAS MADE SIGNIFICANT INVESTMENTS IN NEW ROOF TILE MANUFACTURING FACILITY WHICH IS NOW UNDER CONSTRUCTION.SALES PRICES REMAIN FIRM ACROSS REGIONAL MARKETS.  Full Article

Persimmon Plc H1 Revenues Up 5 Pct
Thursday, 5 Jul 2018 

July 5 (Reuters) - Persimmon PLC ::TOTAL REVENUES FOR FIRST SIX MONTHS OF 2018 WERE £1.84BN, 5% HIGHER THAN LAST YEAR.REMAIN CONFIDENT IN GROUP'S FUTURE PROSPECTS..HOUSING REVENUES FOR FIRST SIX MONTHS OF £1.74BN WERE 5% HIGHER THAN PRIOR YEAR.EXPECT CONTINUED IMPROVEMENT IN GROUP'S UNDERLYING HOUSING OPERATING MARGIN IN FIRST HALF OF 2018.HY NEW HOUSING LEGAL COMPLETION VOLUMES INCREASING BY 278 HOMES, OR 3.6%, TO 8,072 HOMES.FOCUSSED ON INCREASING ITS OUTPUT OF FAMILY HOUSING AT AFFORDABLE PRICES IN LOCATIONS WHERE PEOPLE WANT TO LIVE AND WORK.CONSUMER CONFIDENCE REMAINS RESILIENT IN OUR MARKETS.  Full Article

Persimmon Appoints Roger Devlin As Chairman Of Nomination Committee
Thursday, 28 Jun 2018 

June 28 (Reuters) - Persimmon Plc ::DIRECTORATE CHANGE.ROGER DEVLIN, CHAIRMAN, HAS BEEN APPOINTED AS CHAIRMAN OF NOMINATION COMMITTEE.RACHEL KENTLETON, NON-EXECUTIVE DIRECTOR, HAS BEEN APPOINTED TO REMUNERATION COMMITTEE.  Full Article

Persimmon Says 51.48 Pct Votes Cast At AGM In Favour To Approve Annual Report On Remuneration
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Persimmon PLC ::51.48 PERCENT OF VOTES CAST AT AGM IN FAVOUR TO APPROVE ANNUAL REPORT ON REMUNERATION.  Full Article

Persimmon Reports Robust Trading Since Start Of Year
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Persimmon PLC ::GROUP HAS OPENED 65 OF C. 100 NEW SITES PLANNED FOR FIRST HALF OF YEAR AND IS BUILDING NEW HOMES ON ALL SITES THAT HAVE AN IMPLEMENTABLE DETAILED PLANNING CONSENT.GROUP HAS OPENED 65 OF C. 100 NEW SITES PLANNED FOR FIRST HALF OF YEAR.CURRENTLY DEVELOPING 375 ACTIVE SALES OUTLETS ACROSS UK.WEEKLY PRIVATE SALES RATE PER SITE SINCE START OF YEAR OF C. 0.85 (2017: C. 0.83).PERSIMMON - FOR YEAR TO DATE, HAVE 9,048 (2017: 8,928) NEW HOMES SOLD FORWARD INTO PRIVATE OWNERSHIP MARKET WITH AN AVERAGE SELLING PRICE OF C. £236,500."PRICING CONDITIONS REMAIN FIRM ACROSS REGIONAL MARKETS"."BOARD REMAINS CONFIDENT OF FUTURE PROSPECTS OF GROUP".  Full Article

UPDATE 2-London's FTSE 100 falters, outcome of U.S.-China talks awaited

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