York's Persimmon reveals £1bn profit following governmental scrutiny

York-headquartered Persimmon plc has revealed its pre-tax profits of £1.091bn.

Compared to 2018, this figure is up from £970m.

Persimmon plc has also announced that its acting chief executive, Dave Jenkinson, has been appointed to his role on a full-time basis. Jeff Fairburn, his predecessor, walked away from the company in 2018, after a row over his £75m bonus.

This news follows on from the reveal that shares in UK homebuilders have fallen. The government is said to be examining Persimmon plc and its actions under the first-time buyer scheme, Help to Buy.

Yesterday (February 25), shares in the company had fallen - its stock fell by more than eight per cent - after continuous participation in the Help to Buy scheme came under inspection.

The government has expressed its concerns over the matter.