FTSE 100 closes lower as G20 summit begins and trade worries continue; housebuilders fall
The premier index of UK shares finished down nearly 59 points at 6,980. Mid-cap cousin FTSE 250 shed over 128 points at 18,480.
Company
Persimmon PLC
LON:PSN
Persimmon is a house building company, which has been trading since 1972, and operates under three main brands, Persimmon Homes, Charles Church and Westbury Partnerships.
456 stories · page 3 of 5
FTSE 100 closes lower as UK politics, Brexit remain the focus
The chief negotiator for the EU, Michel Barnier, has proposed extending the transition period for the UK to leave the bloc until as late as 2022. Theresa May said she was not keen on the idea
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Lloyds, RBS and Barclays shares drop as Theresa May faces no confidence vote over Brexit deal
“Lower interest rate hike expectations, coupled with the fear that a no-deal Brexit could bring chaos to trade, are raising worries over the performance of UK banks going forward,” said IG market analyst Joshua Mahony
FTSE 100 closes lower as political worries and trade fears put investors off
On Wall Street, the Dow Jones Industrial Average is down over 423 points at 25,565, while the S&P 500 is off around 37
Persimmon boss Jeff Fairburn has taken home £90mln in wages and bonuses since 2009
Fairburn joined the housebuilder’s board back in 2009, since when his wealth has soared, especially of late
Persimmon boss Jeff Fairburn asked to leave after backlash over pay
Persimmon said it had requested Jeff Fairburn resign as it believed the “distraction” around his pay continued to have a “negative impact on the reputation of the business”
FTSE 100 closes higher as markets are relieved after US midterm election
The UK's premier benchmark index finished over 76 points higher, or 1.09%, at 7,117
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Fed meeting and interest rate decision to hold focus on Wednesday amid midterm results
The latest interest rate decision from the Fed will be vying for attention as markets digest the results from Tuesday's midterm elections
FTSE 100 closes with strong gains but Budget provides little impetus for enthusiasm
The FTSE 100 closed strongly as it joined a global rebound off last weeks volatility, however the latest Budget did little to help matters along
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Don't bet your house on the housebuilders
Another profit warning from Crest Nicholson plus the previously buoyant East Anglia housing market joining London and the South-East in the doghouse is further evidence the sector has peaked
FTSE 100 closes in red; Royal Mail delivers share plunge
The UK blue-chip index closed down around 14 points at 7,495 as the stronger pound weighed
FTSE 100 closes higher as traders come back to equities
It was around that level most of the day and closed at 7,304 - that's up around 0.37% on the week
FTSE 100 sails higher, bolstered by stumbling sterling
The UK blue-chip index finished up over 72 points at 7,504, while the mid-cap FTSE 250 was also higher
Persimmon looks to rest of the year with confidence after first-half profits rise 13%
Persimmon's new home sales rose 4% to 8,072 units and the average selling price edged up 1% to £215,813.
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BHP Billiton share buyback on the cards for full year results
The day ahead includes full year results from BHP Billiton and first half results from Persimmon
FTSE 100 closes higher as hopes grow for US, China trade talks
FTSE 100 closed ahead as the new trading week began, but off the 7,600 level, adding over 32 points to 7,591
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World biggest miner, BHP Billiton the main focus as results flow set to slow in coming week
Only three other FTSE 100-listed companies are scheduled to unveil updates – housebuilder Persimmon, Irish construction group CRH, and Middle East hospitals operator NMC Healthcare
FTSE 100 closes higher but only just as trade tensions continue
The Footsie closed the day in positive territory, just, but was down on the week as a whole
House-builders have fallen into buying range
Berenberg has initiated coverage on 11 house-builders and not one of them is a 'sell' in its book
FTSE 100 closes down as market awaits Trump/Juncker meeting
The UK blue-chip index closed around 50 points lower at 7,658, while FTSE 250 was also down - over 99 points at 20,753
FTSE 100 closes firmly higher as market shrugs off UK political chaos
Fiona Cincotta, senior market analyst at City Index, said the UK was now at a crossroads..
Builders and building materials
Bovis Homes and Persimmon lower as mortgage rate rise looms
The house-builders continue to make money hand over fist in an environment that seems to have been cultivated to maximise their profitability but profitability may have peaked
Persimmon's growth continues as pay row rumbles on
‘Persimmon is still selling more houses at higher prices, but business is not booming like it was last year. Indeed the share price has fallen by more than 10% in the last month," noted Laith Khalaf at Hargreaves Lansdown
Investments and investor services
FTSE 100 closes higher as fears ease on trade; Wall Street gains
FTES 100 was up 38 points to 7,611 in early afternoon trading
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Bovis Homes and Persimmon both have some repair work to do
Homes - built by Bovis and Persimmon and listed for sale by Purplebricks - will be in focus on Thursday, as will clothes sold by Primark and SuperDry.
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Housebuilders and retailers take centre stage as slew of firms release latest results
The week ahead will see quarterly results from Sainsbury's and AB Foods, trading updates from Bovis Homes and Persimmon, and full year earnings from SuperDry
Investments and investor services
FTSE 100 closes higher as European Central Bank message cheers markets
The FTSE 100 has clawed back all of this morning's losses and some, while the ECB has unveiled plans to end its quantitative easing programme in December
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QE or not QE, that will be the question for the ECB Council meeting on Thursday
Aside from the ECB meeting, the day ahead also includes an annual general meeting for Wm Morrison Supermarkets, and updates from PZ Cussons and Majestic Wine
Builders and building materials
UK housebuilders feel the pinch as sector stagnation pressures margins
Despite a contrasting set of numbers today from Crest Nicholson and Bellway, there remains similarity regarding the housing markets’ slowdown and its effect on their balance sheets
FTSE 100 closes in red as resource stocks lag and Brexit debate goes on
With the Trump-Kim meeting and various pieces of economic data behind us, all eyes are turning to Parliament, which is set to vote on amendments to the EU Withdrawal Bill today and tomorrow
Builders and building materials
JPMorgan upgrades Barratt Developments, downgrades Taylor Wimpey, says housebuilders “not all built the same”
The US investment bank upped its stance for Barratt to ‘overweight’ from ‘neutral’ and cut Taylor Wimpey back to ‘neutral’ from ‘overweight’, leaving price targets for both unchanged
Housebuilder Persimmon reports robust trading since the start of the year
Britain's second-largest housebuilder said that total forward sales revenue, including completions were up by about 8% to £2.76bn in the year to date
FTSE 100 pares losses as US bond yields rise above 3%
Resource stocks suffer as US dollar makes headway on forex markets
Archive
Big results day for banks and drugs as Lloyds and GlaxoSmithKline step up to the plate
Day ahead includes first-quarter updates from blue chip firms Lloyds Banking Group, GlaxoSmithKline, Whitbread, and Persimmon ...
Builders and building materials
Upgrades for Barratt and Persimmon as Liberum becomes more constructive on housebuilders
UK housebuilders underperformed the wider market in the first quarter which is normally a bad sign for the rest of the year, but analyst Charlie Campbell thinks things could be different this time around
Persimmon receives one-year extension to revolving credit facility
The FTSE 100-house builder said the extension had strong support from its five relationship banks and that the RCF was an important element in its ongoing growth strategy to meet UK market demand
Investments and investor services
FTSE 100 finishes lower as mining stocks retreat on Chinese tariff fears
Investors remain nervous over the prospect of an escalating trade war between the US and China but were somewhat placated by anaemic jobs growth in March in the US, which has made four rate rises this year less likely
Persimmon pops down the pub to grab its new chairman
From public houses to houses for the public ... Marston's chairman is quitting the pubs group to be the new chairman of Persimmon
Investments and investor services
FTSE 100 closes higher as trade war fears ease
The premier UK blue-chip exchange added around 45 points at 7,203, while FTSE 250 also stormed higher, up 193 points at 19,968.
Premier Oil: Catcher and cash flow will be in spotlight
Premier Oil and G4S are among the highlights in the schedule for Thursday
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FTSE 100 closes higher as US benchmarks stage turnaround
FTSE 100 closed around 46 points higher at 7,115. Little brother FTSE 250 also gained ground - up over 180 points at 19,567.
Investments and investor services
FTSE 100 closes firmly lower on chilly Wednesday with ITV the big switch-off
The Footsie may have mainly traded sideways throughout the day but there have been some notable movements among blue-chips.
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Advertising key to ITV's latest results broadcast; Taylor Wimpey continues housebuilder updates
Day ahead includes full-year results from blue chips including broadcaster ITV PLC, housebuilder Taylor Wimpey PLC, motor insurer Admiral PLC, and mid cap estate agents Foxton's PLC
Investments and investor services
Nakama says expected recovery in trading has not materialised
Andrea Williams, the new chief executive officer, is conducting a strategic review of the operating businesses and putting in place measures to stabilise the business, reduce operating costs and grow net fee income.
Persimmon is being extravagantly generous again
In the news recently for its extravagant generosity to senior management, the board reminded the market this morning it has also been pretty generous returning the windfall money from the "Help to Buy" scheme to shareholders
Investments and investor services
FTSE 100 closes in red as Powell's hawkish tone gives traders jitters
New Fed supremo Jerome Powell will likely stick to a gradual, three hikes scenario, but the case for a faster pace of tightening is growing stronger, according to Nordic investment bank, SEB
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Standard Chartered to take the bow for banking results, as Persimmon starts for the housebuilders
Day ahead includes a welter of blue chip results from the likes of Standard Chartered PLC, Persimmon PLC, Direct Line Group, and GKN PLC
Investments and investor services
FTSE 100 ends in red after lacklustre session
The FTSE 100 extended the morning's losses toe end the day 47 points lower at 7,247
Persimmon anticipates full year pre-tax profits “modestly ahead of market consensus”
The housebuilder said legal completion volumes in 2017 were strongly ahead, up 6%, or by 872 new homes at 16,043, while its average selling price increased by 3% to around £213,300, up from £206,765 in 2016
FTSE 100 reaches new closing high with supermarkets in support
London's top tier index reached a new record high on Tuesday, led by supermarket shares
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Wm Morrison set to start Christmas trading supermarket sweep
Day ahead includes trading updates from food retailer Wm Morrison Supermarkets PLC, housebuilder Perimmon PLC, and staffing group Robert Walters PLC
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Updates from UK food retailers on the menu, as well as high street stalwart M&S in coming week
Week ahead includes trading updates from supermarkets Wm Morrison Supermarkets, J Sainsbury, Tesco, John Lewis's Waitrose, plus clothing retailer Marks & Spencer
FTSE 100 stocks you should have bet your house on in 2017
Look at what you could have won...borrowing Bullseye host Jim Bowen's catchphrase, stock-picker-in-residence John Harrington looks at the winners (and losers) of the blue-chip index
Investments and investor services
FTSE 100 closes above 7,600 as Santa rally kicks in
The FTSE 100 index closed up 78 points at 7,603, just off the all time high
Persimmon's chairman to retire, senior independent director quits in row over executive pay scheme
Meanwhile, the firm’s senior independent director and chairman of its remuneration committee, Jonathan Davie, has also resigned from the board
Builders and building materials
Travis Perkins shares drop as JPMorgan downgrades stock in review of housebuilders
JPMorgan said its top picks remain Bellway and Persimmon while Bovis Homes is its least preferred stocks among UK housebuilders
Housebuilders boosted by Brexit 'breakthrough' and well-received Berkeley interims
Prime Minister Theresa May has secured a deal with European Union to move Brexit talks onto the next phase
FTSE 100 up 1% as pound takes a kicking following Brexit breakthrough
The non-farm payroll number beat consensus expectations, coming in at 228,000
OptiBiotix names food industry heavy hitter as its new chairman
Former Express Dairies and Arla Foods chief executive Neil Davidson will take over from Adam Reynolds next month
FTSE 100 closes higher; miners lag and Brexit wranglings continue
FTSE 100 closed over 38 points higher on the day to 7,338; FTSE 250 shares added over 81
Builders and building materials
Deutsche Bank says land banking review will actually be a positive for housebuilders
Land promoters will likely be the ones under the real pressure to offload sites they have no intention of developing, which could make it cheaper for housebuilders to buy up land
Builders and building materials
Housebuilders boosted by bullish update from Bovis Homes
“The industry fundamentals are strong given the government's housing policy, in particular Help to Buy, the low interest rate environment, and the competitive mortgage market”
Persimmon shares fall as it reports flat third quarter sales
Persimmon said the total sales rate per site was flat in the third quarter
Investments and investor services
FTSE 100 closes in positive territory amid lacklustre US trade, crude higher
Defensive stocks like BAT and Imperial Brands are in demand suggesting the markets are exercising a bit of caution after the recent record-breaking run ...
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M&S to announce further store closures at first half results as clothing division struggles persist
The day ahead includes interims from M&S and trading updates from Wetherspoon and Persimmon
Barclays downgrades a trowel-full of house-builders ahead of Budget
House-builders have had a great run this year, and it may be time to bank profits-or at least stop buying more stock
Archive
FTSE 100 closes in red as pound strengthens; BoE in focus
Around 4pm, the UK blue chip index fell 14 points to 7,490 as the Bank of England's interest rate decision looms
Builders and building materials
Housebuilders up as Halifax reports house prices jump; Barratt Developments boosted by broker upgrade
Barratt shares were helped by the upgrade to ‘outperform’ from ‘neutral’ by Credit Suisse, which also raised its target price for the stock to 702p from 578p
FTSE 100 closes near intra-day high as pressure on May weakens sterling
Sterling's decline is good news for the FTSE100, which has a lot of big dollar earners in its midst
Builders and building materials
Housebuilders surge on news of extension to Help to Buy scheme
The scheme has driven demand for new houses in recent years, with around 40% of buyers using it to purchase their homes
Persimmon delivers first half profit growth despite Brexit and UK general election uncertainty
Healthy employment levels and a competitive mortgage market continued to support housing demand in the first half
FTSE 100 rises sharply despite Provident Financial nightmare
The FTSE 100 rose 63 points to 7,382 and the pound has slipped amid Brexit fears
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Big miners to dominate day ahead, with BHP Billiton and Antofagasta to post results
Aside from the two mining blue chips, FTSE 100-listed housebuilder Persimmon PLC will also report its first half results on Tuesday
Archive
Final trading week of August, but some big news still to come from Persimmon PLC, BHP Billiton PLC, and Antofagasta PLC
Week ahead includes first half results from Persimmon PLC, Antofagasta PLC, Cairn Energy PLC, Premier Oil PLC, WPP PLC; full year numbers from BHP Billiton PLC
Archive
Summer lull at its zenith on Friday with just a small cap AGM and some US consumer confidence data due
Very quiet day ahead with only an AGM for System1 Group - formerly known as Brainjuicer - and the University of Michigan preliminary consumer confidence reading for August due
AB Dynamics shares rev up after receiving largest-ever order for driving robots
A look at some of the biggest risers and fallers in London today
Builders and building materials
Housebuilders shares tumble on reports government is mulling end to Help to Buy
Housebuilders' margins and sales rates could come under pressure if the government scraps the Help to Buy scheme, Liberum has warned
Petrofac gets Oman contract boost; Anglo African Oil & Gas up on acquisition completion
A look at some of the biggest risers and faller in London today ...
FTSE 100 receives boost from US jobless figures
The blue-chip index closed at 7,512, up 37 points on the day and 143 on the week
FTSE 100 enjoys late surge to ensure it finishes the week ahead
The top-share index finished up on the day and therefore up on the week also
Gleeson’s bullish update the latest sign that northern property market is catching up with south
Investors and private buyers are driving up demand in places like Leeds and Manchester as they start to venture outside of London
Persimmon lauds "excellent" first half trading, with housing market having taken snap UK election in its stride
In a trading update for the half-year ended 30 June 2017, the FTSE 100-listed firm said it increased legal completion volumes by 8% to 7,794 new homes, up from 27,238 at the same stage in 2016
Investments and investor services
FTSE 100 drifts off highs as US stocks make weak start
The FTSE 100 index was closed up 10.37 at 7,367 on Wednesday
Archive
Food stocks and housebuilders in Wednesday's spotlight with updates from Booker and Persimmon
A look at Wednesday's agenda with interims from Ocado Group and trading statements from Booker Group, Persimmon and McCarthy & Stone
Archive
Argos to put some zip into J Sainsbury
Week ahead, J Sainsbury, Non-farm payrolls, Ocado, Imagination Technologies
Builders and building materials
Housebuilders construct some good gains after first post-election trading update proves reassuring
Investors have been worried about softer confidence among home buyers in the wake of the surprise UK election call in April, together with the ongoing uncertainties over Brexit
FTSE 100 reverses gains to close lower ahead of US rate decision
Bellway's bullish trading statement sparked buying activity across the sector
Archive
RBS, Lloyds and Barclays slump after general election leads to hung parliament
Banks, retailers, media and housebuilders are the biggest fallers on the FTSE 100 on the shock news of a hung parliament
Investments and investor services
FTSE 100 closes below 7,500 ahead of UK election
FTSE 100 closed below the 7,500 level as traders sit and wait it out..
Footsie ends the week in profit as US stocks extend rally
Concerns over "the Donald" appear to be easing, and investors took the opportunity to return to equity markets
Footsie up ahead of close; unrest at ITV hits shares
The bulls could not quite push the top-share index above 7,400. Tomorrow they'll have a harder job with ex-div stocks lopping about 14 points off the Footsie
Barratt Developments set to shrug off Brexit worries with positive trading update
Barratt Developments is set to report robust trading in its latest update while TalkTalk posts its full year earnings under a new chairman and CEO
FTSE 100 firm but off highs as New York makes dull early progress
With around an hour and a half of trading to go in London, the FTSE 100 was up about 11 points at 7,308, holding off the day’s peak of 7,322
Archive
Pensioners, Ofcom and rivals snap away at BT
Week ahead: BT and Talk Talk: ITV, Barratt Developments, Centrica, William HIll and more ...
Persimmon says its "operational performance continues to be excellent” helped by a resilient UK economy
The firm said its total forward sales revenue, including legal completions taken to date, is currently £2.56bn, around 11% higher £2.31bn seen at the same stage in 2016.
FTSE 100 closes lower as traders mull ECB policy
The FTSE 100 closed at 7,237 as the European Central Bank announced its latest policy decision
FTSE 100 closes in positive territory as traders brush off potential threats
The index of blue-chip shares fell six points to 7,108.53.