Persimmon gives a hint that it’s not all doom and gloom in the UK property market and Malaysian carrier AirAsia is in financing talks as auditors questioned its ability to continue operating. Catch up with the latest financial insights from Breakingviews:
on Thursday that revenue plunged more than 30% to 1.2 billion pounds for the six months ended June 30 after the housing market screeched to a halt during two months of lockdown as potential buyers were generally unable to visit homes.
But things aren’t all bad. Customer demand in the six weeks since its sales offices in England reopened in mid-May showed signs of life, with around 30% more weekly average net private sales reservations than last year. On top of that, Chancellor Rishi Sunak confirmed onthat he will give the housing market a tax break, at a cost of 3.8 billion pounds. Thursday’s hint of a recovery pushed Persimmon shares up more than 5% and suggests Sunak jumped the gun.
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