Persimmon to restart work on house construction sites
Reuters
Published Apr 24, 2020 07:30
Updated Apr 24, 2020 08:25
(Reuters) - Persimmon (L:PSN) will restart its construction sites in a phased manner from Monday, Britain's second-largest housebuilder said on Friday, making it the third company in the sector this week to announce commencement of work.
The firm, which has not furloughed staff under the government's COVID aid scheme, said it would only commence construction work where it was clear it was safe to do so.
Although work on building sites had not been barred in Britain, many companies shut down their construction sites last month due to concerns over social distancing and problems in obtaining materials.
Persimmon's move follows Taylor Wimpey (L:TW) and Vistry (L:VTYV) saying on Thursday they will restart construction in the next two weeks.
The FTSE-100 company said online sales helped it secure about 820 gross private sales reservations in the five weeks ended April 19, adding that cancellations rates remained at historically low levels.
Persimmon also said it continued to pay all its supplier invoices, with 95% of invoices being settled within two months.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.