BUZZ-UK's Persimmon rises to top of FTSE 100 on strong 2024 performance

Reuters01-14

** Shares of Persimmon PSN.L rise as much as 7.4% to 1,134.50p, stock top pct gainer on FTSE 100 .FTSE index

** British housebuilder forecasts its 2024 earnings to be around the upper end of market view, buoyed by improved sales and pricing strength

** Co built 10,664 homes in 2024, up 7%, and ahead of market expectations

** Says forward sales position - a key industry measure which gauges near-term demand - up 8% to 1.15 billion pounds ($1.40 billion) by the end of last year

** Hargreaves Lansdown analysts say Persimmon looks to have turned a corner having experienced buyer demand consistently higher throughout 2024, giving the group a solid platform to build on over the rest of 2025

** Persimmon's FTSE 100 peers Taylor Wimpey TW.L up 2.2%, Barratt Redrow BTRW.L gains 2.4%, Vistry VTYV.L up 2.4%

($1 = 0.8187 pounds)

(Reporting by Aby Jose Koilparambil in Bengaluru)

((abyjose.koilparambil@thomsonreuters.com))

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