Skip to content

Three Quick Facts: Persimmon, Barclays, Sainsburys


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.

Looking for great investing ideas? Sign up to our free newsletter.

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

'How to' Guides

Our latest in-depth company reports

Detailed reviews of selected companies and investment trusts.

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

FP Markets
CME Group
Back To Top