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BREAKING NEWS

Housebuilder Persimmon reports lower revenue amid business revamp

Housebuilder Persimmon reports lower revenue amid business revamp
FILE PHOTO - Builders construct modular Space4 homes on a Persimmon development in Coventry, February 22, 2017. Picture taken February 22, 2017. REUTERS/Darren Staples -
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Darren Staples(Reuters)
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(Reuters) – Britain’s second-largest housebuilder Persimmon <PSN.L> reported lower first-half revenue on Thursday after its greater focus on quality and improving customer service slowed down order intake.

The FTSE 100 company, which builds homes in more than 350 locations in the UK, said revenue fell 4.5% to 1.75 billion pounds for the six months ending June 30.

(Reporting by Samantha Machado and Noor Zainab Hussain in Bengaluru; Editing by Tomasz Janowski)

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