- Forward sales down
- House prices falling fast
Faced with the prospect of receiving just a quarter of the dividends they received last year, investors promptly marked shares in Persimmon (PSN)9 per cent lower on the morning of its full-year results. The move shows the housebuilder is not particularly confidentabout the next 12 months, putting the cut down to “prevailing market conditions” and plans to reinvest the money into “future growth”.