A company logo is seen on the outside of a sales office at a Persimmon housing development in Liverpool, Britain, August 23, 2023. REUTERS
April 30 (Reuters) – British homebuilder Persimmon warned on Thursday of early signs of increasing supply costs from higher energy prices that are likely to affect the second half of 2026 and extend into 2027.
Rising costs for materials such as bricks and plasterboard due to the soaring energy prices in the wake of the Iran war have squeezed the wider UK homebuilding sector, though Persimmon has proved more resilient than peers on the back of its in‑house supply capabilities.
Persimmon said it was reviewing costs within the business and working with suppliers to mitigate the price increases.
The builder reaffirmed its 2026 home completions target, subject to stable market conditions, and said it expected to report pre-tax profit in line with market expectations of 462 million pounds ($621.90 million), according to a company-compiled consensus.
($1 = 0.7429 pounds)
Reporting by Raechel Thankam Job in Bengaluru; Editing by Subhranshu Sahu
