Persimmon PLC (PSN.L)
15 Dec 2017
LONDON The chairman of Britain's second-biggest builder, Persimmon, and the head of its pay committee quit after they failed to curb an incentive plan that could see the firm's top management make a profit of more than 200 million pounds on share options.
* Politicians, public critical of excessive board pay (Adds details, figures, background)
LONDON, Dec 15 The chairman and senior independent director of Persimmon, Britain's second biggest housebuilder, have resigned after recognising they did not put a cap on a lucrative management incentive scheme introduced in 2012.
* NICHOLAS WRIGLEY, CHAIRMAN, HAS INFORMED BOARD OF HIS INTENTION TO RESIGN
LONDON Shares in British housebuilders tumbled on Wednesday after the government said it would reclaim land that was not developed quickly enough, potentially hitting future profits.
LONDON Britain's top share index inched up on Wednesday supported by gains among heavyweight consumer and commodity stocks, while housebuilders were dragged lower by a disappointing update from Persimmon.
* customer activity has strengthened in line with traditional seasonality as we have moved from quieter summer weeks into autumn period.
LONDON Britain's second biggest housebuilder Persimmon said its first-half pre-tax profits rose 30 percent to 457 million pounds but it would remain cautious over land buying due to uncertainty around Brexit.
LONDON, Aug 22 Britain's second biggest housebuilder Persimmon said its first-half pre-tax profits rose 30 percent to 457 million pounds ($589 million) but it would remain cautious over land buying due to uncertainty around Brexit.
LONDON Britain's major share index climbed higher on Wednesday, bolstered by buoyant housebuilders after a strong trading update from Persimmon, as strength in consumer staples underpinned gains.