Persimmon gains 5% after Berkeley’s update gives housebuilders a lift
Persimmon shares jumped on Wednesday. According to delayed pricing, the stock traded close to 1,085 pence, gaining 5.1% from Tuesday’s finish at 1,032.5 pence. Berkeley posted a pretax profit of £451.4 million for the year to April, down from £528.9 million. The company held its outlook for £1.4 billion in pretax profit spread across the next four financial years. Executive Chair Rob Perrins said: “Every part of the system needs to work to reduce the time taken to get buildings into development.” He asked for a cut in stamp duty, the property purchase tax.