Persimmon produced a robust trading performance in the first half of the year, and the housebuilder remains on track to deliver on its promise to return £1.9bn to shareholders over the next nine years. Completions rose 6 per cent to 4,712 and average selling prices were up 7 per cent at £171,400, which helped to drive up underlying operating margins from 9 per cent to over 11.5 per cent.
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The housebuilder also used some of its strong cash generation to boost the land bank by 5,600 plots, taking the consented land bank up to 63,800 plots.
