$45.33
+0.51 (+1.14%)
PSN News7 articles
UK Housing Market Cools: Impact on Banks and Homebuilders
UK house prices saw first annual decline since 2023, signaling a cooling market. This could impact mortgage lenders like Lloyds and homebuilders such as Barratt Redrow.
SpaceX Lockup Expiry Pressures Shares; Tesla Volatility Persists
SpaceX shares fell 13.6% ahead of a $99B lockup expiry, while Tesla remains volatile on AI spending worries. European stocks hit record highs, and Legal & General offers a 7.1% yield.
Parsons shares plummet 38% after $118M charges, slashed 2026 forecast
Parsons (PSN) shares fell 38% after the company disclosed $118M in charges and lowered its 2026 guidance, with adjusted EBITDA dropping sharply amid weather-related project delays and portfolio divestitures.
FTSE 100 Edges Lower as AstraZeneca, HSBC Drag; Energy Stocks Rally
The FTSE 100 dipped 0.1% to 10,486 as AstraZeneca and HSBC losses outweighed gains from BP and Shell. Housing stocks rose on Help to Buy rumors.
FTSE 100 Edges Higher as British Land Gains Offset AB Foods, Housebuilder Slump
The FTSE 100 gained 0.12% to 10,622.06, supported by British Land's rally after raising guidance, but losses in Associated British Foods and housebuilders limited advances. The FTSE 250 climbed 0.39%.
Persimmon Shares Drop Ahead of Earnings Amid UK Housing Sector Strain
Persimmon Plc shares declined 5.5% to 1,223.5 pence on Monday, pressured by sector-wide warnings on profits and margins. The housebuilder's full-year results are scheduled for release on March 10.
FTSE 100 Recovers from Sharp Drop as Oil Price Spike Roils London
London's FTSE 100 pared steep early losses to close 0.3% lower on Monday, while the FTSE 250 fell 1.6%. A dramatic spike in oil prices above $119 a barrel, driven by Middle East conflict, triggered a broad market sell-off and renewed stagflation fears.