£1bn pre-tax profit for Persimmon

Persimmon’s profits hit £1 billion during its year to December 31st, 2018, it reported whilst also announcing its new group chief executive as Dave Jenkinson on 26th February. During 2018, the volume housebuilder’s pre-tax profit climbed 13% to £1.091 billion against 2017, with a 13% increase in operating profits to £1.083 billion. Revenue lifted 4%

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“Bounce back” for the new homes market

Along with the announcement of its half year results Redrow says the early weeks of 2019 have seen the new homes market “bounce back” after a subdued end to 2018 and the firm is confident that the Brexit uncertainty will not have “a huge impact” this year. For the period to the end of December

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New housing minister appointed

Kit Malthouse has been appointed housing minister replacing Dominic Raab.  Following the resignation of David Davis on Monday morning, Raab was promoted to Brexit secretary. Malthouse becomes the 15th housing minister in the past 17 years. He became an MP in 2015 representing North West Hampshire and since the beginning of the year has been

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