D
emand for housing in Britain remains strong despite the interruptions to the market caused by the pandemic.
This has left builders like Persimmon sitting very pretty. The group demonstrated that by announcing a second interim dividend of 70p, just a day after rival Taylor Wimpey had made its investors smile.
Despite this largesse, Persimmon’s investors reacted rather sniffily and the company was excluded from a second day of market-wide vaccine-related share price gains. AJ Bell’s Russ Mould, however, pointed out that the company’s stock had been run up by around 17 per cent in the prior week. The shares were even up on the year to date, a vanishingly rare achievement in this market.
