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Three Quick Facts: Persimmon, Barclays, Sainsburys

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Three things you need to know in the financial markets today from investment writer, Tony Cross.

#1. Average selling prices higher at Persimmon

Persimmon [LON:PSN] published a Q1 update this morning, noting completions in line with expectations, down by around 10%, although private sales rate had increased marginally, providing management with some encouragement. Average selling prices are up by 6% despite affordability concerns and levels of prospective buyers visiting sites are seen as being encouraging, too.

#2. Interest margin squeeze at Barclays just 4pbs

Barclays [LON:BARC] published Q1 numbers today, noting a RoTE of 12.3%, down from 15% a year ago and a four basis point reduction in net interest margins on a global basis. Impairments remain broadly flat


#3. Sales tick higher at Sainsbury’s but faster growth seen for FY25

Sainsbury’s [LON:SBRY] issued its full year results this morning with group sales up 3.4% and retail underlying profits up by 4.3%. The dividend is being held flat but management point to a transformative year ahead with strong momentum having been built in core grocery sales, and underlying operating profits for FY25 are expected to be between £1,010m and £1,060m.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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