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Persimmon feels bite as mortgage numbers tumble

Persimmon, Britain's biggest homebuilder, yesterday reported a sharp fall in first-half profits after banks approved fewer mortgages amid the worst housing slump in more than 15 years.

Persimmon, Britain's biggest homebuilder, yesterday reported a sharp fall in first-half profits after banks approved fewer mortgages amid the worst housing slump in more than 15 years.