Persimmon gets lift from results

The price of shares in FTSE 100 property developer Persimmon (LON:PSN) climbed 4.46% to 2,831p (as of 12:35 GMT) after the company posted results for the year ended 31st December. Total group revenues were down by 8.7% for the period and pre-tax profits fell by 24.6% as COVID significantly disrupted operations for large parts of the year.

CEO Dean Finch commented: “Persimmon delivered a robust performance in 2020 despite the challenges presented by the pandemic. I would like to commend our workforce for the effective way Covid-secure operating protocols have been adopted, protecting our customers, local communities and colleagues alike whilst maintaining effective on-site operations“.