Persimmon Blazes a Trail but Sounds Cautious Note

The ScotsmanJuly 08, 2009

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Summary


A WAVE of optimism swept over the embattled housing sector yesterday as a robust trading update from the UK's largest housebuilder gave hope that the worst may be over.

Persimmon said that trading volumes were ahead of last year and revealed that it was due to start work on 50 new sites across the UK.

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Extract


Persimmon Blazes a Trail but Sounds Cautious Note

Financial director Mike Killoran said sales were holding up well north of the Border, adding that Scotland had not seen some of the "...

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