Persimmon Share Price: Early Bounce Amid Return to Work Hopes
Housebuilder stocks: Persimmon bounces back with share price rise. As Persimmon assures shareholders that it will be returning back to business as usual shortly, the housebuilding giant saw its share price rise as markets opened on Monday. IG Analyst | 2020-04-29T13:53:06+0100. While all sectors of the UK economy have taken a beating as a result of the Covid-19 shutdown, the country's £110 billion construction industry has proven to be one of the worst affected in recent weeks. With economic activity grinding to a halt, and consumer spending reducing to a mere trickle, the UK's biggest housebuilding companies have faced a particularly bleak future as the country's real estate sector has effectively been suspended since late March. However, messages coming from Persimmon, the biggest housebuilder in the country, this morning suggest that the UK's beleaguered construction sector may finally be reaching a turning point. Persimmon assures shareholders of its resilience. Although Persimmon's modest gains when markets opened do not look like they will hold, it's clear that the company has been buoyed by recent reassurances the company made to shareholders.