Germany’s biggest arms maker Rheinmetall slashes outlook after cancelled government contract; crude oil prices hold below $80 a barrel
UK housebuilder Persimmon has lifted its outlook, saying it is “well-placed” to benefit from prime minister Andy Burnham’s policy agenda, despite growing costs linked to the Iran war.
The FTSE 100 builder told investors this morning that pre-tax profits were up 15% for the first six months of the year to £168m, following a 13% rise in the number of homes built over the period.
Persimmon remains well-placed to drive further growth through our unique set of capabilities. The UK housing market continues to experience both a long-term undersupply of housing and affordability challenges for new homeowners, which is a key focus for the new government.
As the most cost-efficient national housebuilder, with a clear focus on customer value and affordability, a growing land pipeline and expanding outlet network, we are well placed to respond.
Clearly markets remain challenging but Persimmon continues to be on the front foot and is delivering relatively well.
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