Key Developments: Persimmon PLC (PSN.L)
Latest Key Developments (Source: Significant Developments)
Polymetal International PLC and EVRAZ plc to Be Replaced by Persimmon PLC and Travis Perkins PLC at FTSE 100-Interfax
Interfax reported that Polymetal International PLC (Polymetal) and EVRAZ plc (Evraz) have been excluded from the FTSE 100 index as the result of a quarterly review, the London Stock Exchange said. Reports have said this was due to a sharp decline in the value of the companies' share price in recent months. Polymetal and Evraz were included in the FTSE 100 in 2011. They will be replaced by construction firm Persimmon PLC and building materials producer Travis Perkins PLC. The changes take effect on June 24. Polymetal and Evraz will now join the FTSE 250 with free floats of respectively 34% and 51%. Full Article
Persimmon PLC announced that its intention to declare a dividend for 2014 of 10 pence per ordinary share. Full Article
Persimmon PLC announced that Mike Farley, Group Chief Executive, has notified the Board that after almost 30 years at Persimmon, seven as Chief Executive, he has decided to retire at the Company's AGM on April 18, 2013. The Board has therefore implemented its long term succession plan, with Jeff Fairburn, currently Group Managing Director and North Division Chief Executive, appointed to succeed Mike as Group Chief Executive, together with a number of other management changes. Nigel Greenaway, the South Division Chief Executive, will join the Board as an executive Director with immediate effect. In addition, Marion Sears has been appointed as non-executive Director. Marion is the senior independent Director of Dunelm Group Plc and also a non-executive director of Octopus AIM VCT Plc. Neil Davidson, CBE, who has been a non-executive Director since January 2004, will retire from the board at the 2013 AGM. Full Article
LONDON, Nov 28 - Shares in Britain's housebuilders fell sharply on Thursday, wiping up to 1 billion pounds ($1.6 billion) off the sector, after the Bank of England unexpectedly cut a mortgage support scheme to avoid a housing bubble.