Latest news with #Persimmon
Daily Record
4 days ago
- Business
- Daily Record
Irvine housing development receives national award
Persimmon West Scotland's Annick Grange site has been awarded a Quality Recognition Award by Premier Guarantee. A major housing development in Irvine has received a top award. Persimmon West Scotland's Annick Grange site was given a Quality Recognition gong by Premier Guarantee, recognising the outstanding work of the site team led by Site Managers George Simpson and Stuart McKay. Located in the heart of Ayrshire, Annick Grange is a sustainable new community with 290 homes. The development offers a range of two to five-bedroom homes, catering to first-time buyers, growing families, and those looking to downsize. The award from Premier Guarantee is the second year in a row that the Annick Grange team has been recognised with a Quality Recognition Award. Premier Guarantee's Craig Daniel and Neill Gourlay joined the local Persimmon team on site to present Senior Site Manager, George Simpson, with the award. George said : "We're proud that the quality of our development has been recognised for the second year in a row and it's a great recognition of the hard work and dedication shown by all our colleagues and contractors. "We're committed to maintaining these high standards and delivering a development that's a positive addition to the local area." Chris Logan, Persimmon West Scotland Managing Director, added: "George and the entire site team continue to deliver the highest standards and that's reflected in the feedback we get from local customers. "With a wide variety of homes on offer, Annick Grange has something for everyone and we're delighted to see it becoming firmly established as part of the Irvine community."
Time of India
4 days ago
- Business
- Time of India
UK's Barratt Redrow misses home completion target, warns of 'fragile' buyer confidence
BENGALURU: Britain 's largest homebuilder Barratt Redrow on Tuesday missed its annual forecast for home completions and warned confidence among buyers remained "fragile", sending its shares down almost 13%. The group announced 16,565 home completions for the year ended June 29, below its forecast of 16,800 to 17,200, chiefly due to delays in transferring ownership to international customers and to the private rented sector in London . Completions involve homes that have been built and the official transfer of ownership to the buyer. London has been a weak spot for Barratt Redrow in the past year as completions and margins have been weaker than in its regional business. Britain's faltering economy is weighing on consumer confidence and tempering housing demand, overshadowing a gradual decline in interest rates and government incentives that have recently offered some optimism. The slow roll-out of reforms to enhance safety and modernise the housing sector has also hampered delivery targets for builders, including Barratt Redrow, which expects its average number of sales outlets to be broadly flat in fiscal 2026. High-end homebuilder Berkeley , which has a strong London presence, in June cut its profit expectations for the next two years, blaming market and regulatory pressures. "Homebuyer confidence remains fragile," Barratt Redrow said in a trading statement, echoing concerns around affordability raised by rivals including Persimmon and Vistry . While government support could help demand, particularly in high-cost areas like London and South East England, Barratt Redrow is leaning on incentives like topping up deposits to support buyers, CEO David Thomas said during an analyst call. Shares in the FTSE 100-listed company hit their lowest since October 2022 on Tuesday, and pulled the broader housing index down 4.7%. Barratt Redrow, formed after the merger of the two eponymous companies last year, said it expected fiscal 2025 adjusted profit before tax and charges to be in line with analysts' consensus forecast of 582.6 million pounds ($783.1 million). For fiscal 2026, it expects home completions to rise to between 17,200 and 17,800.
South Wales Guardian
4 days ago
- Business
- South Wales Guardian
Pontarddulais RFC secures £6,000 in Persimmon sponsorship
Pontarddulais RFC in Swansea will receive the funding from Persimmon Homes, one of Wales' largest property developers, as part of its Community Champions scheme. The money will be used to support the club for the 2025/26 season. Sharon Bouhali, sales director at Persimmon Homes West Wales, said: "Persimmon is proud of the partnership we have built with Pontarddulais RFC over the years, so we are delighted to be an official sponsor with them for the forthcoming season. "Clubs like this play an excellent role in the town, bringing the people together over the love of sport and providing a place for the community to meet. "Part of our mission as a housebuilder is to leave a positive and lasting legacy where we are, creating a sense of place, and supporting the local community. "That is why we are so passionate about helping Pontarddulais RFC." Established in 1881, Pontarddulais RFC fields two senior teams, a women's team, a youth squad, and 11 junior sides. The men's first team competes in the WRU Men's Admiral National Leagues. Persimmon's sponsorship is part of a broader partnership with the club and follows other recent donations to organisations in the area. The developer currently has a live planning application with Swansea Council for more than 500 zero-carbon ready homes in Pontarddulais. The plans include a new primary school, community facilities, housing association properties, parks, playing fields, and funding for outdoor sports and public transport improvements. Persimmon's Community Champions scheme has also supported Pontarddulais Cricket Club and the Pontarddulais Agricultural Show. Huw Thomas, director, secretary, and club operations manager at Pontarddulais RFC, said: "We're thrilled to be strengthening our relationship with Persimmon after their much-needed support over the years. "For the club to continue to offer what it does in the town – whether that be a team to play rugby for or a place that brings people together – it needs to build partnerships like this. "We're grateful to Persimmon for the difference they are making for the club and effort they are making in the town to support us."
Glasgow Times
5 days ago
- Business
- Glasgow Times
FTSE 100 touches above 9,000 for the first time
The FTSE 100 Index briefly rose above the record high, hitting 9,016.98 at one stage in morning trading on Tuesday, having recorded a fresh closing high on Monday just shy of the milestone. The top tier later eased back to stand 3.34 points lower at 8994.72 by mid-morning. Markets across Europe lifted tentatively with the Dax in Germany and France's Cac 40 up 0.3% and 0.2% respectively. Investors were optimistic that a deal can still be reached between the US and EU, despite the latest tariff threats from US President Donald Trump. Mr Trump said on Saturday that major trading partners Mexico and the EU would face a 30% tariff starting next month, piling on the pressure for deals to be struck. Some stocks were struggling on the FTSE despite the record being reached, with Barratt Redrow plunging to the bottom of the top tier, shedding 7% after a disappointing update, which also dragged rival housebuilders Persimmon and Berkeley Group lower. Victoria Scholar, head of investment at Interactive Investor, said a speech by Chancellor Rachel Reeves later will also be in sharp focus. She said: 'UK Chancellor Rachel Reeves prepares to deliver her closely watched Mansion House speech tonight when she is anticipated to outline a series of financial reforms including measures to improve mortgage access.'
North Wales Chronicle
5 days ago
- Business
- North Wales Chronicle
FTSE 100 touches above 9,000 for the first time
The FTSE 100 Index briefly rose above the record high, hitting 9,016.98 at one stage in morning trading on Tuesday, having recorded a fresh closing high on Monday just shy of the milestone. The top tier later eased back to stand 3.34 points lower at 8994.72 by mid-morning. Markets across Europe lifted tentatively with the Dax in Germany and France's Cac 40 up 0.3% and 0.2% respectively. Investors were optimistic that a deal can still be reached between the US and EU, despite the latest tariff threats from US President Donald Trump. Mr Trump said on Saturday that major trading partners Mexico and the EU would face a 30% tariff starting next month, piling on the pressure for deals to be struck. Some stocks were struggling on the FTSE despite the record being reached, with Barratt Redrow plunging to the bottom of the top tier, shedding 7% after a disappointing update, which also dragged rival housebuilders Persimmon and Berkeley Group lower. Victoria Scholar, head of investment at Interactive Investor, said a speech by Chancellor Rachel Reeves later will also be in sharp focus. She said: 'UK Chancellor Rachel Reeves prepares to deliver her closely watched Mansion House speech tonight when she is anticipated to outline a series of financial reforms including measures to improve mortgage access.'
