RE: Results day2 Mar 2022 07:54
In early company news, Persimmon raised its dividend after a robust annual performance. Insurer Aviva and contract-for-difference provider CMC Markets launched share buybacks.
IG futures indicate the FTSE 100 index is to open 26.20 points higher at 7,356.40. The index closed down 128.05 points, or 1.7%, at 7,330.20 on Tuesday.
Persimmon said its performance was strong in 2021 as it delivered more homes and strengthened its platform for future growth.
For 2021, pretax profit was GBP966.8 million, up from GBP783.8 million in 2020 on revenue of GBP3.61 billion, up from GBP3.33 billion.
The York, England-based housebuilder completed 14,551 new homes in 2021, almost a 1,000 more than 13,575 homes in 2020. The avarage selling price was GBP237,078, up from GBP230,534.
Turning to returns, Persimmon is to pay a 125 pence regular annual dividend instalment in April, alongside a 110p payment of surplus capital in July.
10% return on todays share price ,nice