|Bid||2,000.00 x 30300|
|Ask||0.00 x 61700|
|Day's Range||2,115.00 - 2,156.00|
|52 Week Range||1,825.50 - 2,913.00|
|Beta (3Y Monthly)||0.78|
|PE Ratio (TTM)||7.67|
|Earnings Date||Feb 25, 2019 - Mar 1, 2019|
|Forward Dividend & Yield||2.35 (10.88%)|
|1y Target Est||2,602.00|
Sterling plunged as much 1.5 percent against the dollar Thursday as U.K. Prime Minister Theresa May gambled on getting her plan over the line with just over a week to go before the exit. Cable crumbled after the European Union told May that she can only have a short extension to delay Brexit if Parliament ratifies the divorce deal in a vote she wants to hold next week. The political turmoil shows no sign of easing despite the looming departure, with French President Emmanuel Macron saying if May’s plan fails to get Parliamentary approval again it would “guide everyone to a hard exit.” The pound could slump about 8 percent from current levels if the U.K. left the European Union without a deal, according to a Bloomberg survey.
If you are currently a shareholder in Persimmon Plc (LON:PSN), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested.Read More...
The export-heavy main bourse and the more domestically-focused FTSE 250 were up 0.3 percent. Domestic banks and housebuilders gained ground on relief Britain may avoid a disorderly exit from the European Union after May got "legally binding" Brexit assurances from Brussels. Tuesday's rise in the main index was also aided by official data that showed Britain's economy picked up in January after a weak December but growth was still stuck in low gear ahead of Brexit.
By Helen Reid and Julien Ponthus LONDON (Reuters) - European shares ended flat on Tuesdat after a choppy session during which hopes British Prime Minister Theresa May would win support for her plans for ...
Persimmon Plc (LON:PSN) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case of PSN,Read More...
The FTSE 100 ended 0.5 percent lower after steep losses in the morning as the index's stocks, which book much of their earnings in dollars, were marred by the pound surging to four-month highs. The midcaps added 0.1 percent as a 10 percent surge in Travis Perkins on better-than-expected full-year adjusted earnings helped cushion a slump in Metro Bank triggered by a cash call. The pound gained on reports that British Prime Minister Theresa May would rule out a no-deal Brexit and delay the March 29 deadline for exit from the European Union.
Shares in Persimmon, which last year faced an investor mutiny over its former chief executive's pay, rose by 4 percent to 2,446 pence at 1221 GMT after it said pretax profit rose 13 percent in 2018 to £1.09 billion. Persimmon, which has focused on building cheaper family houses, said interim CEO Dave Jenkinson would take on the role permanently after Jeff Fairburn stepped down last year amid criticism of his $100 million (£76 million) bonus package. Jenkinson has agreed not to receive a bonus in 2019, with Persimmon and other housebuilders facing an overall sluggish housing market, with people shying away due to smaller household incomes and Brexit keeping foreign investors at bay.
The York, England-based company was among the biggest gainers in the FTSE 100 index of stocks on Tuesday after it announced a 13 percent rise in pretax profit. The profit on each home Persimmon sells has almost tripled since 2013, the year the government program was introduced. Persimmon rose as much as 2.9 percent, and was up 1.4 percent as of 8:57 a.m. in London, one of the top-10 performers in the FTSE 100.
The company will confirm Jenkinson in his new role on Tuesday as it seeks to move on from media and shareholder criticism of the pay package of the former CEO, Sky News said. Persimmon shares fell as much as 8 percent on Monday, after reports on Saturday that Britain's housing minister, James Brokenshire, is pressing the builder on how it operates within a public funding scheme for new house buyers.
The FTSE 100 closed 0.1 percent higher, lagging other major European bourses where investors took comfort from U.S. President Donald Trump's decision to delay raising tariffs on Chinese imports. Lloyd's of London insurer Hiscox, which recently joined the FTSE 100, added 3 percent after reporting a profit for the year that beat market expectations. The pound gained after European Council President Donald Tusk said delaying Brexit beyond the planned March 29 exit date would be a "rational solution" as there was no majority in the British parliament to approve a divorce deal.
A source close to the minister told Reuters on Saturday that Britain's housing minister James Brokenshire has been pressing the builder on how it operates within a public funding scheme for new house buyers. The sector has been criticised for practices such as selling houses with rising leasehold charges, which make them hard to sell, and for poor quality workmanship. "Given that contracts for the 2021 extension to Help to Buy are being reviewed shortly, which overall is a great scheme helping hundreds of thousands of people into home ownership, it would be surprising if Persimmon's approach wasn't a point of discussion," the source said.
Daring investors are dipping their toes back into UK housebuilders, attracted by high dividend yields and low valuations even though they are seen as among the most vulnerable sectors in the event of a messy Brexit. As Britain's exit from the EU remains shrouded in fog, housebuilders have been top targets for short sellers betting on a fall in the shares, but recent data shows short positions have fallen and some investors are buying back in. To those investors, Brexit fears and the perceived risk to housebuilders also give the potential for strong rallies.
The FTSE index increased 0.8 percent after touching its highest level since Oct. 10, handily outperforming its European peers, while the midcaps were also up 0.8 percent. British lawmakers will face a choice between Prime Minister Theresa May's divorce deal or a long extension to the March 29 deadline for leaving the European bloc, May's chief Brexit negotiator Olly Robbins was overheard saying in a Brussels bar.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). To keep it practical, we'll show how Persimmon Plc's (LON:PSN) P/E Read More...
By Helen Reid LONDON (Reuters) - European shares closed the day in positive territory on Wednesday as British Prime Minister Theresa May's resounding defeat in a parliamentary vote on her Brexit deal gave ...
By Shashwat Awasthi and Muvija M (Reuters) - Britain's FTSE 100 rose on Tuesday on hopes Beijing will take steps to stabilise a slowing economy, while mid-caps edged up in choppy trade as investors remained ...
The company, which has focused on building cheaper family houses that are less prone to tightening at the top of the UK housing market, said the market has continued to benefit from robust employment levels, low interest rates and a competitive mortgage market. The FTSE company's revenue rose 4 percent to 3.74 billion pounds ($4.82 billion) for the year ended Dec. 31, with sales rising 3 percent to 16,449 units.
By Muvija M (Reuters) - British blue-chip shares retreated on Friday, singed by a sterling rally on a newspaper report of cabinet ministers saying that Britain would have to delay its European Union exit. ...
London's blue-chip bourse (.FTSE) ended the day 0.7 percent higher after hitting its highest since Dec. 5 and the mid-cap index (.FTMC) rallied 1.3 percent to levels not seen since Dec. 4. Spreadex analyst Connor Campbell said the statement was light on evidence that much actual progress had been made during the three days of trade talks in Beijing. Uncertainty over London's divorce from the European Union also deepened ahead of next week's parliamentary vote on the draft deal, while figures showed domestic productivity growth slowed to a two-year low during the three months to last September.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. Unfortunately, there are also plenty of examples of share prices Read More...