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Search resuls for: "Ajose Koilparambil Suban Abdulla"


2 mentions found


☆ UK's Persimmon warns of profit fall, slashes dividend by 75%
  + stars: | 2023-03-01 | by ( Ajose Koilparambil Suban Abdulla | Ajose Koilparambil | Suban Abdulla | ) www.reuters.com   time to read: +3 min
Britain's housing market has slowed markedly in recent months as higher mortgage rates and broader economic concerns deter buyers. The FTSE 100 (.FTSE) company proposed a final dividend of 60 pence per share for fiscal 2022 as per its new capital allocation policy. Persimmon has paid an annual dividend of 235 pence per share for the last five fiscal years except one, when pandemic lockdowns disrupted operations. Analysts had said in January that British housebuilders might cut dividends to preserve cash and ride out the property downturn. Persimmon stock slid as much as 10% to a near seven-week low of 1,310 pence and was the top percentage loser on the blue-chip FTSE 100 (.FTSE) index.
☆ Sales trend in focus as British housebuilders fight slowdown
  + stars: | 2023-02-28 | by ( Ajose Koilparambil Suban Abdulla | Ajose Koilparambil | Suban Abdulla | ) www.reuters.com   time to read: +2 min
Feb 28 (Reuters) - British housebuilders Persimmon (PSN.L) and Taylor Wimpey (TW.L) publish full-year earnings this week with analysts seeking to establish whether a protracted sector downturn is on the cards. Analysts, therefore, will be focusing on sales updates within Persimmon and Taylor Wimpey's annual results statements on Wednesday and Thursday respectively. The two companies are expected to report a slight improvement to full-year earnings, but trading statements last month said their order books were down year on year. The focus in this week's earnings statements will be sales trends and pricing, said Aynsley Lammin, equity research analyst at Investec Bank. Barratt (BDEV.L), meanwhile, has cut its mid-year dividend by 9% as housebuilders increasingly look to preserve cash.
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