PSN.L - Persimmon plc

LSE - LSE Delayed price. Currency in GBp
2,634.00
+13.00 (+0.50%)
At close: 4:35PM GMT
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Previous close2,621.00
Open2,625.00
Bid2,260.00 x 30300
Ask2,725.00 x 61700
Day's range2,625.00 - 2,659.00
52-week range1,884.00 - 2,901.00
Volume817,148
Avg. volume1,485,943
Market cap8.128B
Beta0.31
PE ratio (TTM)11.80
EPS (TTM)223.20
Earnings date27 Feb 2018
Forward dividend & yield0.00 (0.00%)
Ex-dividend date2016-03-03
1y target est2,684.31
  • Reuters13 days ago

    Persimmon hopes for modest sales growth in 2018

    Britain's second-biggest housebuilder Persimmon (PSN.L) hopes to achieve a modest increase in sales this year after saying it expected to beat market expectations on 2017 profits as it sold more homes. CEO Jeff Fairburn also defended an incentive plan which could see top management make a profit of more than 200 million pounds on share options, including around 110 million pounds for himself. Persimmon is one of several builders in Britain to benefit from years of rising house prices and government incentive schemes, which the sector has been criticised for not building enough affordable housing.

  • Reuters - UK Focus13 days ago

    UK builder Persimmon hopes for modest sales growth in 2018

    Britain's second-biggest housebuilder Persimmon (Frankfurt: 882058 - news) hopes to achieve a modest increase in sales this year after saying it expected to beat market expectations on 2017 profits as it sold more homes. CEO Jeff Fairburn also defended an incentive plan which could see top management make a profit of more than 200 million pounds ($268 million) on share options, including around 110 million pounds for himself. Persimmon is one of several builders in Britain to benefit from years of rising house prices and government incentive schemes, which the sector has been criticised for not building enough affordable housing.

  • Reuters - UK Focus13 days ago

    UK builder Persimmon says 2017 profit will be ahead of expectations

    Britain's second-biggest housebuilder Persimmon (Frankfurt: 882058 - news) said 2017 profits will be slightly ahead of expectations as its revenue rose 9 percent to 3.42 billion pounds ($4.64 billion) after it built more homes. "We anticipate our pre-tax profits for the year will be modestly ahead of market consensus," the firm said on Tuesday. It is expected to post a roughly 20 percent increase in full-year pre-tax profit to 957 million pounds, according to a Thomson Reuters (Dusseldorf: TOC.DU - news) poll of 16 analysts.

  • Why I’d avoid Purplebricks and buy double-bagger Persimmon instead
    Fool.co.uklast month

    Why I’d avoid Purplebricks and buy double-bagger Persimmon instead

    Roland Head explains why he's betting on tough times for Purplebricks but would still back Persimmon.

  • Reuterslast month

    UK builder Persimmon's chairman, director quit over pay plan

    The chairman of Britain's second-biggest builder, Persimmon, and the head of its pay committee quit after they failed to curb an incentive plan that could see the firm's top management make a profit of more than 200 million pounds on share options. Persimmon introduced a long-term incentive plan in 2012, which gave share options to management which they are able to sell once they have returned a set level of cash and dividends to investors. Since 2012, Persimmon's share price has soared and it has returned 1.5 billion pounds ($2 billion) meaning its Chief Executive Jeff Fairburn and the firm's finance director and managing director would jointly currently stand to gain around 240 million pounds before tax.

  • Reuters - UK Focuslast month

    UK builder Persimmon's chairman, director quit over pay plan

    LONDON, Dec (Shanghai: 600875.SS - news) 15 (Reuters) - The chairman of Britain's second-biggest builder, Persimmon (Frankfurt: 882058 - news) , and the head of its pay committee quit after they failed to curb an incentive plan that could see the firm's top management make a profit of more than 200 million pounds ($268 million) on share options. Persimmon introduced a long-term incentive plan in 2012, which gave share options to management which they are able to sell once they have returned a set level of cash and dividends to investors.

  • So It Turns Out an $800 Million Staff Party Isn't OK
    Bloomberglast month

    So It Turns Out an $800 Million Staff Party Isn't OK

    Wrigley may be leaving Persimmon, but its execs are still going to get very rich.

  • Reuters - UK Focuslast month

    BUZZ-Persimmon: falls after chairman & director quit over incentive scheme

    ** Housebuilder Persimmon down 1.4 pct after its chairman and a senior independent director quit for their role in a lucrative management incentive scheme ** Statement says the long term incentive plan, ...

  • Reuters - UK Focuslast month

    Persimmon chairman, senior director quit over pay plan omission

    LONDON, Dec (Shanghai: 600875.SS - news) 15 (Reuters) - The chairman and senior independent director of Persimmon (Frankfurt: 882058 - news) , Britain's second biggest housebuilder, have resigned after recognising they did not put a cap on a lucrative management incentive scheme introduced in 2012. Persimmon was criticised by investors earlier this year over the extent of its director pay. The Financial Times said the incentive scheme had lined up a 232 million pound ($311.55 million) pay-out to three directors.

  • Reuters - UK Focuslast month

    BUZZ-Fraport: near top of Stoxx after JPMorgan upgrades

    ** Fraport second-top performer on Stoxx 600 , +4 pct, after JPMorgan upgrades to "overweight" from "neutral" ** In a note presenting 2018 outlook for European Building Materials, Infrastructure ...

  • Why I’d avoid Royal Dutch Shell plc to buy this Footsie 5% yielder
    Fool.co.uklast month

    Why I’d avoid Royal Dutch Shell plc to buy this Footsie 5% yielder

    Royston Wild explains why share pickers should avoid Royal Dutch Shell plc (LON: RDSB) today.

  • Brexit breakthrough boosts FTSE as pound slides, housebuilders rise
    Reuterslast month

    Brexit breakthrough boosts FTSE as pound slides, housebuilders rise

    A breakthrough in Brexit talks helped British shares surge ahead of European peers on Friday as sterling fell back, dented by investors banking their gains in the currency which has swung violently as negotiations unfolded. The blue chip FTSE 100 index closed up 1.2 percent, delivering its strongest week in two months, while euro zone stocks ended the day 0.7 percent higher with all sectors trading in positive territory. Britain and the European Union struck a divorce deal paving the way for talks on future trade ties, easing immediate pressure on Prime Minister Theresa May and boosting hopes of an orderly Brexit.

  • Reuters - UK Focuslast month

    Britain's FTSE dips as pound rises on Brexit breakthrough

    UK shares edged slightly lower on Friday as the pound gently rose against the dollar after the European Commission said enough progress had been made in Brexit negotiations with Britain to allow a second ...

  • Reuters2 months ago

    Paddy Power enlivens FTSE, housebuilders fall

    By Georgina Prodhan LONDON (Reuters) - British shares on Friday ended Black Friday just slightly lower, with Paddy Power leading winners against a strong pound, which was poised to rise for a third consecutive ...

  • Reuters2 months ago

    FTSE gets sterling boost, land purchase threat dents housebuilders

    Britain's top share index touched a session high as chancellor Philip Hammond delivered his budget statement on Wednesday, boosted by a dip in sterling as Brexit-bound Britain slashed economic growth forecasts. Housebuilding stocks swung sharply, losing ground after Hammond announced a review of unused planning permissions, though a stamp duty exemption to spur house buying offered some support to the sector. The FTSE 100 (.FTSE) ended the session just 0.1 percent higher at 7,419.02 points as sterling recovered and headed higher, though the blue chip index still outperformed a negative European market.

  • Reuters2 months ago

    May tries to win over young voters by slashing property purchase tax

    Prime Minister Theresa May slashed property purchase taxes for first-time buyers in a bid to win over younger voters who have shunned the ruling Conservatives because they are unable to buy a home. A shortage of affordable housing in Britain has forced many people to live with their parents for far longer, to rent well into their 30s or buy properties further away from their place of work, pushing the issue to the top of the political agenda. May is anxious to show that her government is meeting the needs of those in their 20s and 30s, who largely backed the opposition Labour Party in June's snap election, depriving her of a majority in parliament.

  • Reuters - UK Focus2 months ago

    UK PM May tries to win over young voters by slashing property purchase tax

    British Prime Minister Theresa May slashed property purchase taxes for first-time buyers in a bid to win over younger voters who have shunned the ruling Conservatives because they are unable to buy a home. A shortage of affordable housing in Britain has forced many people to live with their parents for far longer, to rent well into their 30s or buy properties further away from their place of work, pushing the issue to the top of the political agenda.

  • Reuters2 months ago

    British housebuilders hit by land-banking review

    Shares in British housebuilders tumbled on Wednesday after the government said it would reclaim land that was not developed quickly enough, potentially hitting future profits. Britain's biggest housebuilders, which include Berkeley (BKGH.L), Barratt (BDEV.L), Persimmon (PSN.L) and Taylor Wimpey (TW.L), have been accused in the past of sitting on land to restrict the number of properties they build to drive up house prices. Chancellor Philip Hammond set out a raft of measures in his annual budget to boost the housing market on Wednesday, including a review of the gap between the number of planning permissions granted and the housing developments that begin.

  • Reuters - UK Focus2 months ago

    British housebuilders hit by land-banking review

    Shares (Berlin: DI6.BE - news) in British housebuilders tumbled on Wednesday after the government said it would reclaim land that was not developed quickly enough, potentially hitting future profits. Britain's biggest housebuilders, which include Berkeley , Barratt, Persimmon (Frankfurt: 882058 - news) and Taylor Wimpey (LSE: TW.L - news) , have been accused in the past of sitting on land to restrict the number of properties they build to drive up house prices. Finance minister Philip Hammond set out a raft of measures in his annual budget to boost the housing market on Wednesday, including a review of the gap between the number of planning permissions granted and the housing developments that begin.

  • Reuters2 months ago

    Britain commits 44 billion pounds to boost housebuilding

    LONDON (Reuters) - Britain on Wednesday committed 44 billion pounds to provide funding, loans and guarantees over the next five years in a bid to deliver 300,000 net additional homes per year on average ...

  • Reuters - UK Focus2 months ago

    Britain to cut stamp duty property tax for first-time buyers

    Britain will cut the stamp duty property tax for new buyers, in a bid to help younger people struggling to get onto the property ladder, finance minister Philip Hammond said on Wednesday. "With effect ...

  • Reuters - UK Focus2 months ago

    Britain commits 44 bln stg to boost housebuilding

    Britain on Wednesday committed 44 billion pounds to provide funding, loans and guarantees over the next five years in a bid to deliver 300,000 net additional homes per year on average by the mid-2020s. ...

  • Reuters - UK Focus2 months ago

    BUZZ-UK housebuilders fall as government warns over unused sites

    ** UK housebuilders fall after UK finance minister Philip Hammond warns over unused planning permissions ** Government to review reasons for unused permissions; says if sites are being withheld for commercial ...

  • Reuters2 months ago

    Hammond seeks answer to voter unrest in new housebuilding push

    British finance minister Philip Hammond, under pressure to help weakened Prime Minister Theresa May in this week's budget, promised to speed up house building and said he had some room to help voters despite his squeeze on public finances. Aware that to some her government looks overwhelmed by the task of delivering Brexit, May needs her finance minister to show voters that she has a handle on Britain's domestic problems like a housing shortage, low productivity and stagnant pay.

  • Reuters - UK Focus2 months ago

    UK's Hammond seeks answer to voter unrest in new housebuilding push

    British finance minister Philip Hammond, under pressure to help weakened Prime Minister Theresa May in this week's budget, promised to speed up house building and said he had some room to help voters despite his squeeze on public finances. Aware (Frankfurt: 902788 - news) that to some her government looks overwhelmed by the task of delivering Brexit, May needs her finance minister to show voters that she has a handle on Britain's domestic problems like a housing shortage, low productivity and stagnant pay.

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