theguardian.com

Persimmon Raises Full-Year Outlook on Burnham Housing Push

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Sig2.42Sen+3.21Env0.00Soc+0.73Gov0.00

Persimmon lifted its full-year outlook, saying it is well placed to benefit from UK Prime Minister Andy Burnham’s housing and cost-cutting agenda, even as building costs rise amid the Iran war. For the first six months, pre-tax profit rose 15% to £168m and homes built increased 13%, though cost pressures are expected to worsen and may not be fully offset.

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