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Did Persimmon's 'tone' spook the market?

The housebuilder delivered a bad set of results and expectations of the future look bleak too
March 12, 2024
  • Consensus forecasts predict earnings growth
  • But switch to net debt could be problematic

It's not just about the numbers. Investors like to hear a bullish story from companies, too. That might explain why Persimmon's (PSN) share price sank 4 per cent in early trading despite its weak performance being in line with analyst expectations.

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