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Persimmon sales rise to £1.2 billion

Sales at housebuilder Persimmon have risen by a third so far this year as the firm continues to reap the benefits of a resurgent market.

Persimmon, which trades as Charles Church and Westbury Partnerships, said its revenues rose 33% on a year earlier to £1.2 billion in the six months to June 30, as the wider economy improved.

Sale completions jumped almost 28% to 6,408 homes during the period, while its average selling price lifted 4% to £186,000.

Persimmon shares were flat following today's update but have risen 10% so far this year, amid relief that last week's measures from the Bank of England aimed at preventing a house price surge were not more severe.

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