Persimmon says last year's profit will be higher than expected

2019-01-15T12:02:00

In its first update since Jeff Fairburn left, the housebuilder also said it gave £732m back to shareholders

Persimmon has said its 2018 pre-tax profits will be higher than expected as it revealed its revenue grew by 4%.

The trading update is the housebuilder’s first without Jeff Fairburn at the helm, after the former chief executive stepped down at the end of last year after months of damaging headlines about his £75m bonus.

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