UPDATE 2-Homebuilder Persimmon sees revenues fall as it slows new home releases [Reuters (UK)]
HARGREAVES LANSDOWN ADR (HRGLY)
NASDAQ:AMEX Investor Relations:
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Source: Reuters
UPDATE 2-Homebuilder Persimmon sees revenues fall as it slows new home releases - Reuters 4 Min Read * First-half revenue falls; margin guidance positive * First major builder to report results * Home sales fall vs year ago * Persimmon pushes back sales to improve customer feedback * Shares 1.8% lower (Adds analyst comments, shares, details) By Samantha Machado and Noor Zainab Hussain July 4 (Reuters) - Persimmon, Britain’s second-largest homebuilder, suffered a drop in revenue in the first half of the year as it delayed sales closer to the completion of properties in order to improve customer satisfaction. Confronted with criticism over the quality and fire safety of its homes, the FTSE 100 builder launched a review of its business practices in April and decided to push back the timing of sales. That decision was likely to skew revenue towards the second half of the year, analysts said, and margins were flat despite the rising cost of building materials. “Perhaps more important is th
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