Investor Alert

New York Markets After Hours

April 24, 2020, 2:42 a.m. EDT

Persimmon to reopen construction sites by Monday

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

By Sabela Ojea

Persimmon PLC said Friday that it will begin a phased re-opening of its construction sites from Monday in light of the U.K. government's intention of getting the construction industry back to work.

The U.K. home builder said that recently it has only completed the construction of homes in limited instances to ensure no customers would be left homeless.

The London-listed company said cancellation rates have remained at historically low levels and that it closed 820 gross private sales reservations online in the five weeks ended April 19.

"Persimmon's strong financial liquidity has enabled us to maintain our operational capability through this period by supporting all our colleagues on full pay, which will allow us to reopen sites swiftly, and emerge from the shutdown well-prepared and ready to deliver the new homes the country needs, aided by our strong work in progress position," Chief Executive David Jenkinson said.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.