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Persimmon up

NEWS IN BRIEF

Persimmon lifted pre-tax profits 16 per cent from £239.4 million to £271.5 million in the first half of 2006 as it dismissed fears of rising interest rates on the property market. The company said the recent quarter-point rise had had 'no tangible effect' on business. Turnover for the six months to June 30 was up 42 per cent to £1.5 billion from £1.1 billion last time.