Property News · January 9, 2018

Persimmon says profits will beat forecasts as it gives chief £110m bonus


Housebuilder reports rising demand as row rages over scheme that could see its top 150 employees sharing £500m payoutPersimmon, the housebuilder which is paying its chief executive a £110m bonus, has said its 2017 profits will be higher than expected due to the government’s cut in stamp duty for first-time buyers. The company, which has also massively benefited from the government’s help-to-buy scheme, handed its chief executive, Jeff Fairburn, £50m worth of shares on New Year’s Eve in the fist wave of what has been described as an “obscene” bonus. Continue reading…

Source : theguardian.com
Read more…Persimmon says profits will beat forecasts as it gives chief £110m bonus

You may also like...