Sharewatch City warms to Persimmon after £2.5m buyback

摘要

The plucky underdogs struggled valiantly but in the end failed to overcome overwhelming odds. No, not the England rugby team but the housebuilding sector's one-sided clash with the City. Not even a bit of takeover speculation could lift shares much above their year lows, despite a reasonable spike after Monday's poor trading. Persimmon squashed speculation that it was looking to launch bids for Redraw or Bellway by revealing this week that it has spent almost £2.5m on a buyback programme.