Persimmon revenue dips 4.4%

Housebuilder Persimmon has reported a 4.4% decline in revenue in its half-year results after sales completions dipped as it delayed releases in an effort to improve customer satisfaction. Revenue was £1.754bn for the period from 1 January to 30 June, compared with £1.836bn for the same period in 2018. Revenue attributed to housing was £1.645bn, 5.6% lower than the previous year’s £1.742bn. Legal completions fell by 6% to 7,584 from 8,072 last year. Persimmon said this reflected “the outcome of our customer service initiatives and later sales releases which reduced average active sites by 8% in H1”. It reported 345