Persimmon

A takeover of FTSE 100-listed insurer Legal & General Group PLC (LSE:LGEN)'s housebuilding subsidiary Cala by fellow footsie constituent Persimmon PLC (LSE:PSN) would be a boon to the former's share price, according to Deutsche Bank analyst Rhea Shah. “City sources” told Sky over the long weekend that Persimmon is interested in the £1 billion auction. » Mehr auf proactiveinvestors.co.uk

Persimmon shares ticked higher as it reported an improvement in sales rates in its first quarter with pricing also described as “firm”. Dean Finch, chief executive, said it had been a good start with the completions on track to grow to between 10,000-10,500 for the full year. » Mehr auf proactiveinvestors.co.uk

Persimmon PLC (LSE:PSN)'s less-than-optimistic outlook during Tuesday's annual earnings call has cast a cloud on the market's stance on the FTSE 100 housebuilder. Chief executive Dean Finch was at pains to cast a positive light on his company's profits more than halving, but he was unable to get around the fact that the near-term outlook is cautious and market conditions are set to remain subdued in the months ahead. » Mehr auf proactiveinvestors.co.uk