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Persimmon PLC (PSN.L)

PSN.L on London Stock Exchange

1,846.50GBp
20 Aug 2019
Change (% chg)

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1,846.50
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1,151,497
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2,505.00
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1,820.00

Latest Key Developments (Source: Significant Developments)

Persimmon Posts HY Profit Before Tax Of £509.3 Mln
Tuesday, 20 Aug 2019 

Aug 20 (Reuters) - Persimmon PLC ::HY PROFIT BEFORE TAX OF £509.3M (2018: £516.3M).7,584 NEW HOMES SOLD IN H1 (2018: 8,072).GROUP'S TOTAL REVENUES FOR FIRST HALF OF YEAR WERE £1,754.0 MILLION (2018: £1,835.8 MILLION).HY UNDERLYING NEW HOUSING OPERATING MARGIN UP BY 130 BASIS POINTS YEAR ON YEAR.HY AVERAGE SELLING PRICE OF £216,942 (2018: £215,813)..HY UNDERLYING OPERATING PROFIT FOR GROUP WAS 1.6% LOWER THAN LAST YEAR AT £510.1 MILLION (2018: £518.2 MILLION).PLANS TO START CONSTRUCTION ON C. 85 NEW OUTLETS THROUGH SECOND HALF OF YEAR.CURRENTLY ANTICIPATES INCREASE IN GROUP'S CUSTOMER CARE COSTS ON AN ANNUALISED BASIS BY C. £15M."WE EXPECT GROUP'S CASH GENERATION WILL REMAIN STRONG".GROUP'S CURRENT FORWARD TOTAL FORWARD SALES REVENUE OF £2.048 BILLION (2018: £2.120 BILLION).CURRENTLY ANTICIPATE THAT COST INFLATION FOR GROUP WILL BE AROUND 4% FOR CURRENT YEAR.  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 Announces Independent Review
Friday, 5 Apr 2019 

April 5 (Reuters) - Persimmon PLC ::PERSIMMON PLC - ANNOUNCEMENT OF INDEPENDENT REVIEW.PERSIMMON PLC - REVIEW WILL BE LED BY AN INDEPENDENT CHAIR, STEPHANIE BARWISE QC OF ATKIN CHAMBERS, SUPPORTED BY A LEADING LAW FIRM.PERSIMMON - REVIEW WILL REPORT TO THE BOARD AND A TIMETABLE HAS BEEN SET FOR THE INITIAL FINDINGS TO BE PRESENTED IN THE FINAL QUARTER OF 2019.PERSIMMON PLC - REVIEW WILL CONSULT WITH CUSTOMERS, SUPPLIERS, EMPLOYEES, TRADE BODIES, LOCAL AUTHORITIES, CIVIL SERVANTS AND EXPERTS.PERSIMMON - COMMITTING TO ADOPT THE PRINCIPLES OF THE HACKITT REVIEW WHICH ARE DESIGNED TO EFFECT CULTURE CHANGE WITHIN THE CONSTRUCTION INDUSTRY.PERSIMMON PLC - REVIEW TO ASSESS EFFECTIVENESS OF THE NEW MEASURES AND PROCESSES, DETERMINE WHETHER THEY POSITION THE BUSINESS FOR THE FUTURE BOARD.  Full Article

Persimmon Will Name Dave Jenkinson As Its CEO - Sky News
Tuesday, 26 Feb 2019 

Feb 25 (Reuters) - Persimmon PLC ::PERSIMMON WILL NAME DAVE JENKINSON AS ITS CEO - SKY NEWS.  Full Article

Persimmon names Roger Devlin as chairman ​
Thursday, 15 Mar 2018 

March 15 (Reuters) - Persimmon Plc ::‍PLEASED TO ANNOUNCE APPOINTMENT OF ROGER DEVLIN AS CHAIRMAN FROM 1 JUNE 2018.​.  Full Article

Persimmon Says FY Underlying Pretax Profit Rises 25 Percent
Tuesday, 27 Feb 2018 

Feb 27 (Reuters) - Persimmon Plc ::FY UNDERLYING PRETAX PROFIT ROSE 25 PERCENT TO 977.1 MILLION STG.FINAL DIVIDEND 125 PENCEPER SHARE.TOTAL DIVIDEND 110 PENCEPER SHARE.FY ‍LEGAL COMPLETIONS INCREASED BY 872 NEW HOMES TO 16,043​.FY ‍REVENUE FOR YEAR UP 9% TO £3.42BN​.FY ‍OPERATING MARGIN* INCREASED TO 28.2%​.‍INTERIM AND FINAL DIVIDENDS DECLARED OF 125P AND 110P PER SHARE RESPECTIVELY​.  Full Article

Persimmon Names Nigel Mills As Acting Chairman
Tuesday, 27 Feb 2018 

Feb 27 (Reuters) - Persimmon Plc ::‍NICHOLAS WRIGLEY'S RESIGNATION IS EFFECTIVE FROM 26 FEBRUARY 2018​.‍APPOINTED NIGEL MILLS, SENIOR INDEPENDENT DIRECTOR AS ACTING CHAIRMAN UNTIL A NEW CHAIRMAN TAKES UP HIS POST​.  Full Article

Persimmon ‍Amends 2012 Long Term Incentive Plan Entitlements For CEO, CFO, MD
Friday, 23 Feb 2018 

Feb 23 (Reuters) - Persimmon Plc ::‍AMENDMENTS TO 2012 LONG TERM INCENTIVE PLAN ENTITLEMENTS FOR JEFF FAIRBURN, CEO, MIKE KILLORAN, CFO, DAVE JENKINSON, GROUP MANAGING DIRECTOR​.‍JEFF FAIRBURN, MIKE KILLORAN DECIDED TO REDUCE OVERALL ENTITLEMENT BY NUMBER OF SHARES EQUAL TO 50% OF SHARES TO WHICH ENTITLED ON SECOND VESTING​.‍ALL 3 EXECUTIVES DECIDED TO CAP VALUE OF ANY FUTURE EXERCISE OF REMAINING SECOND VESTING ENTITLEMENT TO MAXIMUM VALUE EQUAL TO £29 PER SHARE​.‍THERE WILL BE NO CHANGES TO 2012 LTIP FOR OTHER PLAN PARTICIPANTS​.  Full Article