Optimistic Persimmon Sees Better Times Ahead

Summary


THE worst is over -- this is the message from Persimmon, one of Britain's largest housebuilders, which today reported that while the number of completions fell sharply in the first half of the year, forward sales are better than a year ago.

"Volumes are increasing week by week," said chief executive Mike Farley who said cancellations have fallen to 16% against 35% in the worst of the market.

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Extract


Optimistic Persimmon Sees Better Times Ahead

"We are encouraged and we have found...

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