Persimmon has said in a trading update that profits for the year will be in line with market expectation.
It scrapped its final dividend for 2008 and warned of “challenging” times ahead.
The housebuilder has sold 10,202 units, a decline of 36% on the previous year at an average price of about £172,000. It has forward sales of about £400m.
Its shares closed up 13.25p at 293p.
09/01/09 Financial Times 18
Times 44
Daily Telegraph B4
Independent 58
