Persimmon raises outlook on UK housebuilding push despite Middle East cost pressures

Persimmon raised its full-year outlook, targeting 12,500 home completions, betting on Prime Minister Andy Burnham’s housebuilding agenda despite rising costs from the Iran war. The FTSE 100 builder reported first-half pre-tax profit up 15% to £168m, and completions up 13%. It says it can respond as the most cost-efficient national housebuilder, with affordability a key government focus. The company warned of additional inflationary pressure in 2027 from Middle East conflict, despite efficiency measures. Separate data showed UK construction confidence rose last month on hopes of improved demand.