BUZZ-Persimmon: rises after FY results, increased dividend

** Housebuilder Persimmon up 11% & on track for the best day in 6 years

** Reports a 25% rise in FY profit before tax; increases dividend payable in 2018-2020 from 110p pa to 235p annually

** "2018 has started well with reservation rates up 7% year on year, giving management confidence for the year to come", Liberum analysts say

** The dividend hike reflects confidence and the strength of the balance sheet, Liberum adds, noting that it increases the capital return to 1300p over the ten years to 2021 compared to the original target of 620p