Persimmon takes £75m hit on dangerous cladding costs February 10, 2021 Persimmon will take a multimillion pound hit on costs associated with cladding safety issues that have been discovered since the Grenfell Tower tragedy. The housebuilder said it has made a £75m provision in its 2020 results to pay for dangerous cladding to be removed or investigated at 26 high-rise buildings in its legacy development portfolio. [...]
Persimmon reports ‘robust trading’ and hails UK’s resilient housing market January 13, 2021 Persimmon, the UK’s biggest housebuilder, said the country’s property market had remained “resilient” despite the impact of the coronavirus pandemic. The FTSE 100 firm reported that trading was “robust” in 2020, although revenue and new home competitions dipped due to the closure of the housing market in the first UK-wide lockdown. New home competitions reached [...]
Persimmon to pay extra dividend on back of ‘robust’ summer performance November 10, 2020 Housebuilder Persimmon today announced that it would pay an interim dividend of 70p per share in December after fending off the challenges of the coronavirus pandemic. The extra payout comes on top of a 40p per share dividend paid in September, and means that the company will have fully replaced its previously delayed 110p per [...]
National Express chief quits to lead housebuilder Persimmon June 24, 2020 Housebuilder Persimmon has this morning announced that Dean Finch will succeed David Jenkinson as the group’s chief executive at the end of this year. Finch joins the FTSE 100 company from transport firm National Express, where he has spent a decade as chief executive. Prior to that, he held a number of senior roles at [...]
UK housebuilders race to return to work after government eases restrictions May 14, 2020 Some of the UK’s biggest housebuilders have revealed plans to return to work after the government removed lockdown restrictions on the property market. FTSE 100 housebuilder Persimmon said this morning that its sales offices in England will reopen from tomorrow with social distancing measures in place. It comes after the government removed restrictions to allow [...]
Housebuilder Persimmon confident in outlook as construction sites reopen April 29, 2020 Housebuilder Persimmon said customer enquiries have remained at good levels throughout the UK coronavirus lockdown so far as the developer pushes ahead with the phased reopening of its construction sites. The company said steady customer enquiries provided “some encouragement on the resilience of demand” during the coronavirus crisis. Persimmon’s current forward sales position is “robust” [...]
Persimmon CEO to depart after just 15 months in role February 27, 2020 Persimmon’s CEO signalled his intention to step down today just over a year after replacing the housebuilder’s former boss Jeff Fairburn, who left in 2018 amid outrage over a huge £75m bonus. Group chief executive Dave Jenkinson will depart “in due course”, he said today as Persimmon revealed a drop in 2019 profit as it [...]
Persimmon sales slump due to customer service drive January 15, 2020 Persimmon has reported a slump in revenue and housing completions, which the housebuilder blamed on a decision to “put customers before volume”. The FTSE 100 firm said total group revenue last year was £3.65bn, a 2.4 per cent dip compared to the previous year as it took action to improve quality and customer service following [...]
Ex-Persimmon boss Jeff Fairburn appointed CEO of Yorkshire housebuilder January 14, 2020 The former boss of Persimmon Jeff Fairburn, who left the housebuilder in 2018 following controversy over his £75m bonus, has been appointed as chief executive of another development firm. Fairburn has taken on the chief executive role at Yorkshire housebuilder Berkeley DeVeer after buying a 50 per cent stake in the firm. Read more: Persimmon [...]
Persimmon slammed for poor culture after customer complaints December 17, 2019 An independent review into Persimmon’s culture and building practices has criticised the UK’s largest housebuilder over issues such as “excessive” renumeration and the lack of a group build policy. The report, which was led by Stephanie Barwise QC of law firm Atkin Chambers, concluded: Read more: Persimmon blames sales drop on customer satisfaction drive “Persimmon’s [...]