Barrat Redrow, Persimmon and other housebuilders fined £100m over collusion tactics
A £100 million fine has been slapped on six listed housebuilders – Barratt Redrow PLC (LSE:BTRW), Bellway PLC (LSE:BWY), Berkeley Group Holdings PLC (LSE:BKG), Persimmon PLC (LSE:PSN), Taylor Wimpey PLC (LSE:TW.) and Vistry Group PLC (LSE:VTY) – and privately owned Bloor Homes following a competition probe into concerns that companies were colluding.
PSMMY or NVR: Which Is the Better Value Stock Right Now?
Investors looking for stocks in the Building Products - Home Builders sector might want to consider either Persimmon Plc (PSMMY) or NVR (NVR). But which of these two stocks presents investors with the better value opportunity right now?
Persimmon: Plenty in the tank despite worries over the housing marker, says American bank
JP Morgan has reiterated its positive stance on Persimmon PLC (LSE:PSN), calling the housebuilder's mid-term targets "a significant source of earnings and valuation upside". The shares are rated 'overweight' with a price target of 1,520p, implying plenty of headroom from their current level.
Persimmon, Barratt rise as housebuilding sector lifted as Bellway update 'supports bull case'
Shares in housebuilders such as Persimmon PLC (LSE:PSN) and Barratt Redrow PLC (LSE:BTRW) rose on Tuesday after a reassuring trading update from Bellway PLC (LSE:BWY) settled nerves that might have crept in from a profit warning from smaller rival MJ Gleeson last week. FTSE 250-listed Bellway nudged up its expectations for completed sales and average selling prices, leading to new operating profit guidance that was ahead of the consensus forecasts.
Persimmon (PSMMY) Upgraded to Buy: Here's Why
Persimmon (PSMMY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Is Persimmon (PSMMY) Stock Outpacing Its Construction Peers This Year?
Here is how Persimmon Plc (PSMMY) and Construction Partners (ROAD) have performed compared to their sector so far this year.
Persimmon sells FibreNest broadband arm to BUUK for £100 million
Housebuilder Persimmon PLC (LSE:PSN) has agreed to sell its broadband business, FibreNest, to utilities provider BUUK Infrastructure in a deal worth around £100 million. The company will receive £70 million upfront, with further payments tied to FibreNest's future performance.
Persimmon reports no change to housing demand from global economic uncertainty
Persimmon PLC (LSE:PSN) reported an increase in its sales rate in the first four months of 2025 and reiterated its guidance for the full year. Shares in the housebuilder fell 2% in early trading but were flat by mid-morning at 1,294p.
PSMMY vs. NVR: Which Stock Is the Better Value Option?
Investors with an interest in Building Products - Home Builders stocks have likely encountered both Persimmon Plc (PSMMY) and NVR (NVR). But which of these two stocks is more attractive to value investors?
Persimmon reports profits rebounding more than expected
Persimmon PLC (LSE:PSN) shares rose 3.7% to 1,214p after the housebuilder delivered a small beat to City forecasts for its 2024 calendar year results. The FTSE 100-listed group delivered 10,664 homes in the year, up 7% of the prior year, with average selling prices 5% ahead at £268.5k.
Persimmon's solid results face cloud of Budget-related uncertainty
Persimmon PLC has already signalled strong trading for the year just gone, leaving focus in next Tuesday, 11 March's result on its outlook as uncertainty clouds the housing sector. Completions grew 7% to 10,664 in 2024, Persimmon said in January, outdoing market expectations.
Persimmon: U.K. Housing Market On The Verge Of Recovery
Persimmon is a potential turnaround investment, trading near its 5-year low, with a focus on affordable housing and first-time buyers. The investment thesis hinges on expected BOE rate cuts in 2025, boosting mortgage demand and benefiting Persimmon. Labour Party's housing policy aims to build 1.5 million new houses, providing a significant tailwind for Persimmon.
