Things to look out for from Persimmon AGM

UK house prices
UK house prices continue to stagnate, according to the latest data from Nationwide

Taylor Wimpey’s disappointing AGM trading statement is going to increase the interest about what its rival housebuilder Persimmon (LON:PSN) will have to say at its AGM on Wednesday.
Taylor Wimpey warned that although it expects to meet overall expectations in this financial year cost pressures mean that margins will be slightly lower.
The housing market appears to be stable despite Brexit uncertainty. Low interest rates and accessibility of mortgages are helping. Demand has been strong, but prices are flat, which means that this can’t offset the cost increases.
Costs
Taylor Wimpey says tha...

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Andrew Hore
Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.