Inside Business

Persimmon has work to do to ensure its home buyers are as happy as its shareholders

The house builder says it’s improving after more than its fair share of scandal. Shareholders, meanwhile, were treated to a second interim dividend, writes James Moore

Tuesday 10 November 2020 18:28 GMT
<p>Persimmon says it’s improving customer service after a string of negative headlines</p>

Persimmon says it’s improving customer service after a string of negative headlines

Demand for housing in Britain remains strong despite the interruptions to the market caused by the pandemic.

This has left builders like Persimmon sitting very pretty. The group demonstrated that by announcing a second interim dividend of 70p,  just a day after rival Taylor Wimpey had made its investors smile.

Despite this largesse, Persimmon’s investors reacted rather sniffily and the company was excluded from a second day of market-wide vaccine-related share price gains. AJ Bell’s Russ Mould, however, pointed out that the company’s stock had been run up by around 17 per cent in the prior week. The shares were even up on the year to date, a vanishingly rare achievement in this market.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies


Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in