Mike Farley, the chief executive of Persimmon, has indicated that the firm will be the only major housebuilder not to go to shareholders for cash - unless it needs to fund an acquisition.rnThe rest of the big players have done rights issues in recent months to raise money to buy land, but Farley said Persimmon had no need to increase its firepower, despite suggestions the land market was bottoming. He said: "You need that sort of cash in one go when you make an acquisition and that is the most likely scenario. We would only do it if there was a specific need. In the normal run of the market we can run the business in the normal way."
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