Persimmon Recovers
Persimmon has swung back into the black, recording a £78 million profit last year after making a £780 million loss in 2008. The housebuilder indicated that the rebounds in demand and in prices in the second half of 2009 were responsible for the improvement to its full-year figures.
Forward sales of homes were equal to £900 million, which was a 29% increase on its 2008 value. It added that sales and prices had continued to rise in the first eight weeks of 2008.
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