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Persimmon


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UK firms flag over $1 billion in costs from increase in national insurance, wages

FACTBOX-UK firms flag over $1 billion in costs from increase in national insurance, wages Adds details on Mitie's cost estimates Nov 21 (Reuters) - British companies have flagged an increase of about 820 million pounds ($1.04 billion) in costs related to a rise in employers' social security contributions following Finance Minister Rachel Reeves' maiden budget in October.
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UK homebuilders fall as inflation jump underscores BoE stance for gradual rate cuts

BUZZ-UK homebuilders fall as inflation jump underscores BoE stance for gradual rate cuts ** UK housebuilders' index .FTNMX402020 declines over 3% after British inflation jumped by more than expected last month to rise back above the Bank of England's 2% target; underlying price growth gathered speed too, showing why the central bank is moving cauti
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UK firms flag hundreds of millions in costs from increase in national insurance, wages

FACTBOX-UK firms flag hundreds of millions in costs from increase in national insurance, wages Adds Young & Co Brewery's statement in paragraph 12 Nov 15 (Reuters) - British companies have flagged a rise of about 520 million pounds in costs following Finance Minister Rachel Reeves' maiden budget in October, which included an increase in employers' social security contributions.
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UK homebuilder Vistry warns on profit again amid cost troubles; shares tumble

UPDATE 3-UK homebuilder Vistry warns on profit again amid cost troubles; shares tumble Shares slump 21% to hit a more than 13-month low Cuts annual homebuild targets by 500 units to 17,500 homes Impact of employee insurance hike of about 5 mln pounds for FY25 Updates share move in paragraph 2, adds analyst comment in paragraphs 5 and 6 By Aby Jose Koilparambil Nov 8 (Reuters) - British homebuilder Vistry VTYV.L on Friday forecast further cost pressures in 2025 after issuing its second annual pro
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Compass Group, Pandora, SSP Group

EUROPE RESEARCH ROUNDUP-Compass Group, Pandora, SSP Group Nov 7 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Compass Group, Pandora and SSP Group, on Thursday. HIGHLIGHTS * Compass Group CPG.L : Jefferies raises target price to 3,000p from 2,500p * Just Eat Takeaway.Com JETJ.L : JP Morgan raises target price to 1,415p from 1,396p * Marks and Spencer Group MKS.L : JP Morgan raises target price to 440p from 425p * Pandora PNDORA.C
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UK's Persimmon tops FTSE 100 losses after flagging build cost concerns

BUZZ-UK's Persimmon tops FTSE 100 losses after flagging build cost concerns ** Shares of Persimmon Plc PSN.L fall as much as 5.4% to an over four-month low of 1,392p, stock top pct. loser on FTSE 100 .FTSE index ** The British homebuilder flags concerns about higher costs emerging in price negotiations for 2025 ** Co says costs will be impacted by
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UK Stocks-Factors to watch on Nov. 6

UPDATE 1-UK Stocks-Factors to watch on Nov. 6 Adds new items, updates futures Nov 6 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening h igher on Wednesday, with futures FFIc1 u p 1.1% . * PERSIMMON: British homebuilder Persimmon PSN.L said sales rates since the start of the third quarter were well ahead of last year, but flagged concerns around signs of build costs emerging in price negotiations for 2025. * MARKS & SPENCER: British retailer Marks & Spencer MKS.L forecast "further progre
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UK homebuilder Persimmon flags cost concerns driving shares lower

UPDATE 3-UK homebuilder Persimmon flags cost concerns driving shares lower Increased employer national insurance to impact costs Net private sales rate/outlet since H2 start up 37% y-o-y Shares fall by as much as 8% Updates share move in paragraph 2, adds CFO comment in paragraph 5, analysts' comment in paragraph 6 By Aby Jose Koilparambil Nov 6 (Reuters) - British homebuilder Persimmon PSN.L flagged concerns about higher costs emerging in price negotiations for 2025, sending its shares sharply
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Persimmon Says Seeing Signs Of Build Cost Inflation Beginning To Emerge In Price Negotiations For 2025

BRIEF-Persimmon Says Seeing Signs Of Build Cost Inflation Beginning To Emerge In Price Negotiations For 2025 Nov 6 (Reuters) - Persimmon PLC PSN.L : PERSIMMON PLC - Q3 TRADING STATEMENT PERSIMMON : SEEING SOME SIGNS OF BUILD COST INFLATION BEGINNING TO EMERGE IN PRICE NEGOTIATIONS FOR 2025 PERSIMMON : AS WE MOVE INTO 2025, WE REMAIN OPTIMISTIC ABOU
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UK homebuilder Persimmon flags cost concerns after strong Q3 sales

UK homebuilder Persimmon flags cost concerns after strong Q3 sales Nov 6 (Reuters) - British homebuilder Persimmon PSN.L said on Wednesday sales rates since the start of the third quarter were well ahead of last year, but flagged concerns around signs of build costs emerging in price negotiations for 2025. Reporting by Aby Jose Koilparambil in Beng
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UK Stocks-Factors to watch on Nov. 6

UK Stocks-Factors to watch on Nov. 6 Nov 6 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening flat on Wednesday, with futures FFIc1 largely unchanged. * U.S. ELECTIONS: A leading British think tank said that the country's already slow economic growth rate could be more than halved if Donald Trump wins the U.S. presidential election and imposes sweeping import tariffs.
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UK homebuilders fall as traders trim rate-cut bets after budget

BUZZ-UK homebuilders fall as traders trim rate-cut bets after budget ** Shares of UK homebuilders .FTNMX402020 down 1.8% at 13,241 pence ** Higher inflation fuelled by Britain's new big-spending budget plans is likely to prevent the Bank of England from cutting interest rates over the next year by as much as investors had expected ** UK homebuilder
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Pubs, bookies and builders drive budget bounce for UK mid-caps

UPDATE 1-Pubs, bookies and builders drive budget bounce for UK mid-caps Mid-cap stocks outperformed blue-chip index despite new tax rises Small cap stocks saw a significant boost, led by AIM index Banks, homebuilders, betting companies, and pubs benefited from budget measures Updates with comments, budget details; refreshes prices at 1522 GMT By Lucy Raitano LONDON, Oct 30 (Reuters) - UK mid cap stocks enjoyed a lift on Wednesday as market players deemed the new Labour government's first UK budg
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UK increases stamp duty tax on second homes

UK increases stamp duty tax on second homes LONDON, Oct 30 (Reuters) - Britain will raise the stamp duty tax paid on second house purchases from Thursday, in a bid to raise revenue to support first-time homebuyers, finance minister Rachel Reeves announced in her first budget on Wednesday. The surcharge on second homes will increase by 2 percentage points to 5%, Reeves said.
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BRITISH BANK SHARES RISE, BARCLAYS UP 3.2%, NATWEST UP 1.8%, FTSE 350 BANK INDEX UP 0.8%

Pubs, bookies and builders drive budget bounce for UK mid-caps LONDON, Oct 30 (Reuters) - UK domestically-focussed stocks led a charge higher in London on Wednesday as UK finance minister Rachel Reeves 's first budget encouraged a rise particularly in shares of pubs, homebuilders and gambling platforms. At 1235 GMT, the mid-cap FTSE 250 .FTMC index was at a session high, up 0.9%, while the FTSE 100 .FTSE was down 0.4% and barely changed from the day's open.
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UK homebuilders rise after UK finance minister unveils over 5 bln pound housing investment

BUZZ-UK homebuilders rise after UK finance minister unveils over 5 bln pound housing investment Updates ** Shares of UK housebuilders .FTNMX402020 rise 3.5%; set for biggest one-day rise since May * * Britain to provide over 5 bln pounds ($6.48 bln) of housing investment, says finance minister Rachel Reeves in the first budget under the new Labour
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UK homebuilders rise; finance minister delivers autumn budget speech

BUZZ-UK homebuilders rise; finance minister delivers autumn budget speech ** Shares of UK housebuilders .FTNMX402020 rise as much as 2.1 %; finance minister delivers autumn budget ** Britain's economy is forecast to grow by 2.0% next year, finance minister Rachel Reeves says in the autumn budget speech, citing the latest projections from the Office
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UK's Barratt Redrow gains on signs of stable housing market

BUZZ-UK's Barratt Redrow gains on signs of stable housing market ** Shares of British homebuilder Barratt Redrow BTRW.L up as much as 2.8% at 486.6p ** Co is starting to see more stable market conditions with increased mortgage availability and affordability, signalling improved sentiment in the UK's housing sector ** Group private bookings rate jumped about 37% during the Aug.
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Housebuilders fall on media report UK will not extend stamp duty threshold hike

BUZZ-Housebuilders fall on media report UK will not extend stamp duty threshold hike ** UK housebuilders' index .FTNMX402020 falls 2%, with all constituents in the red ** UK Chancellor Rachel Reeves will not extend increase in stamp duty threshold in the impending budget, according to a report by The Times published on Thursday after market ** The property tax benefit, introduced by the Tories, is slated to end in March next year, adding about 2,500 pounds ($3,261.50) to the average home purchas
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UK Stocks-Factors to watch on Oct 17

UPDATE 1-UK Stocks-Factors to watch on Oct 17 Adds new items, updates futures Oct 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0 .1%. * ENTAIN: British gambling group Entain ENT.L raised its 2024 net gaming revenue outlook and said it now expects core profit for the year to be towards the top end of the 1 billion pound ($1.30 billion) to 1.1 billion pound range.
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