Key facts
- Persimmon plans to complete 12,500 homes this year.
- Persimmon reported a 15% profit increase in the first half.
- Rising costs, including those linked to the Iran conflict, are affecting the company.
- Prime Minister Andy Burnham's housing and cost-slashing policies are expected to benefit Persimmon.
- Britain's construction industry downturn lessened in July.
- The S&P Global UK Construction PMI rose to 44.7 in July.
- Commercial building and housebuilding declined less sharply in July.
- The construction sector experienced a slump in the second quarter.
UK housebuilder Persimmon has announced an upward revision of its full-year outlook, projecting the completion of 12,500 homes. The company expects to gain from housing and cost-reduction policies implemented by Prime Minister Andy Burnham. This positive outlook comes despite an environment of rising costs, which Persimmon links in part to the Iran conflict. In the first half of the year, Persimmon achieved a 15% increase in profits.