Persimmon鈥檚 latest trading update has revealed that it has cut its debt from 拢906m to 拢600m since June, but had no firm news on the progress of its refinancing talks.

It said there had been 10,202 legal completions in 2008 at an average selling price of 拢172,000, which represented turnover of about 拢1.76bn. In 2007, the housebuilder achieved 15,905 completions at an average selling price of 拢189,558, producing turnover of 拢3bn.