Persimmon says its revenue came in 9% lower in fiscal 2020

Persimmon plc (LON: PSN) said on Wednesday that its revenue in 2020 came in 9% lower on a year over year basis. The company warned that the new variant of the Coronavirus is likely to hurt UK’s housing market in the upcoming months. With Prime Minister Boris Johnsons’ government considering tighter restrictions to combat the pandemic, Persimmon said that its performance in the upcoming months was likely to remain under pressure. Persimmon shares slid a little under 3% on market open on Wednesday. The trend continued later in the day as the stock tumbled another 3%. The York-based company is