Jeremy Corbyn and the Labour Party are going to have a field day with a £650 million fat cat scandal which will explode within months at £7 billion FTSE 100 housebuilder Persimmon (PSN). Even as an ardent capitalist I am nauseated by this example of obscene fat cattery which shames capitalism,
Hello, Share Twisters. Two months ago I commended the big builder Persimmon (PSN) to your attention. The share price then was about 2220p. As I write, it’s 2636p. But there is further to rise, I fancy.
Hello Share Stackers. Though it sounds like a hero from Ancient Greece, Persimmon (PSN) is a popular British house builder. And it’s doing better than many of its competitors.
Hello Share Thudders. Despite the huge falls which befell builders once the Euro-vote results were known, I keep faith with the bricks and mortar trade. The whole world seemed to feel that Brexit was particular bad for the property market - since it was argued that foreigners would no longer want to live here. There is however increasing evidence that foreign buyers couldn’t care less whether we are in Europe or not.
UK housebuilder Persimmon (PSN) has emphasised that “trading through the first half of the year has been strong” and that “we believe… the UK housing market will continue to provide good opportunities”. Hmmm...
Hello Share Scribblers. This old punter believes that house builders, some of which have been on a roll in the last six months, will continue to be on one. I’ve looked at the odd building firm on this venerable website, but I don’t think I’ve pulled a magnifying glass on Persimmon (PSN) for a long time.
Persimmon (PSN) reported a surge in revenues boosted by rising house prices. The UK house builder sold 30 per cent more houses this year as it continues to benefit from the UK housing market recovery. With the introduction of government incentives like Help to Buy the housing market is showing no sign of losing momentum.
