housebuilders

Persimmon AGM and Remuneration

On the same day as BP held its Annual General Meeting (AGM), and got snubbed by shareholders over its Remuneration Report, house building company Persimmon held its AGM in York. One might have expected that Persimmon would also have been attacked for its remuneration scheme, for the reasons explained below, but in reality it passed with only 9% of votes against. Indeed there was more opposition to the election of a new non-executive director, Nigel Mills, who only passed with 53% ...

Berkeley Group and Housebuilders

Berkeley Group issued their preliminary results this morning (18/6/2014). For those holding housebuilders shares (like this writer), they are worth commenting on perhaps as investors in such companies seem to be getting twitchy. With Mr Carney hinting that interest rates may rise sooner than expected, house price inflation powering ahead while general inflation remains low, and politicians criticising the Government "Help to Buy" scheme, one can understand why the share prices of many builders have fallen back from their peak.For example ...