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Will a Bank of England interest rate cut light a rocket under this forgotten UK income stock?
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Will a Bank of England interest rate cut light a rocket under this forgotten UK income stock?
I’ve got my eye on a beaten-down FTSE 100 income stock that’s finally showing signs of life. Like the rest of its sector, housebuilder Persimmon (LSE: PSN) has been struggling for years. Are events finally turning back in its favour? Housebuilding stocks were hit hard by the shock Brexit vote in 2016, crashing 40% in the bewildered aftermath. They haven’t really bounced back since. For me, Brexit was just a sideshow. The underlying problem is th…
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