Bumper gains for the housebuilder Persimmon this morning after the company published full year results. Completions, average selling prices and profits all grew, whilst the company’s confidence over the outlook – working on the basis that the war in Iran won’t cause too much disruption to the domestic market – was also upbeat. Having completed 11,905 properties last year, the target for FY26 is up to 12,500. The Persmiin share price was up more than 10% in early trade.
FTSE-250 listed plastic pipe manufacturer Genuit issued full year results which saw profits increase despite margin headwinds and subdued trading conditions being reported in the final quarter. Market outperformance was however noted and momentum in terms of cost saving was building as the year progressed. There’s clearly confidence over the outlook too, as the Genuit share price was up more than 8% shortly after the open.
Propping up the FTSE-250 this morning was manufacturing company Rotork. Again full year results were on the table. Despite the numbers painting a positive impression and being generally ahead of expectations, there may be a degree of concern over the impact of the Middle East conflict given the region has been a solid revenue earner for the business to date. The Rotork share price was down almost 10% at 8.45am.
Most read news on Investegate this morning
Full Year Results - - Persimmon (PSN)
Confirmation of US ODD for NXP002 in IPF - - Nuformix (NFX)
Full year results for the 52 weeks ended 28.12.25 - - Domino's Pizza Group (DOM)
