Positive Persimmon looks to tap into ‘Burnham bounce’ on housebuilding

Firm lifts outlook, saying it is well placed to benefit from PM’s focus on new homes despite cost pressures from Iran war

The UK housebuilder Persimmon has lifted its outlook for the full year, saying it is “well-placed” to benefit from the prime minister Andy Burnham’s policy agenda, despite growing costs linked to the Iran war.

Despite rising cost pressures, the company now plans to complete 12,500 new homes by year-end, which would be at the upper reach of its previous guidance.