Encouraging results continue for housebuilders

March 1, 2012
Housebuilders are continuing to please the City with encouraging trading results which also reveal a strong start to 2012. Persimmon, who posted a 55% pre-tax profit increase for its full year, saw its shares jump 18% after it announced a programme to return £1.9 billion of surplus cash via dividends to shareholders over 9.5 years. Its weekly private sales rate …

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