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Updates: Persimmon, Morrisons, Majestic Wine

PersimmonPersimmon: the house builder said revenue for 2017 was £3.4bn, up 9% on the previous year, with completed deals up by 6% or 872 new homes.

The group’s average selling price increased by 3% to £213,300, compared to £206,765 in 2016.

Already flagged is the controversial payment to chief executive of Persimmon Jeff Fairburn who is in line to collect a £130m bonus this financial year, the result of a pay deal put in place five years ago.

Morrisons: the supermarket chain said like-for-like sales (excluding fuel) for the 10 weeks to 7 January were up 2.8%.

Sales were especially strong over the Christmas and New Year period with Group LFL of 3.7% for the six weeks to 7 January. sales grew over 10%.

Strong wholesale sales performance in the period was helped by supplying some tobacco to partner McColl’s earlier than initially planned. 

After some successful trials, the previously announced agreement to start supplying all 1,650 McColl’s stores with both Safeway products and national brands will begin this month. It will be a rolling programme of around 25 additional McColl’s stores each week.

Majestic Wine: said group sales for the 10-week trading period ending 1 January rose by 3.2% compared to the same period in the previous year. Majestic retail sales were up 1.3% like-for-like.

Chief executive Rowan Gormley said the company was “on track” to meet its sales and investment goals for this year.

Christmas shopping: Kantar Worldpanel figures show that British shoppers spent £1m more in supermarkets over Christmas compared to the same period in 2016.

Overall supermarket sales were up 3.8% for the 12 weeks to 31 December, with the busiest shopping day ever recorded on 22 December, when shoppers spent £747m.


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