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26.03.25 - 11:18
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Housebuilder Vistry pins hopes on £2bn affordable homes injection as profits fall (The Guardian)
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Company suspends dividend payouts after shares dip by as much as 8% with profits down by more than a thirdBusiness live – latest updatesProfits at the UK housebuilder Vistry Group have slumped by more than a third in what it described as a “disappointing year” but it is pinning hopes of a turnaround on the government's promise this week to inject £2bn into affordable homes.After three profit warnings last year, Vistry suspended dividend payouts to shareholders on Wednesday and its shares were the biggest faller on the FTSE 250 index, dropping by as much as 8% before easing back to 5.5% down. Continue reading......
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24.12.24 - 10:18
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UK housebuilder Vistry′s shares plunge as it issues third profit warning (The Guardian)
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Business, relegated from the FTSE 100 share index this week, blames delays at developmentsBusiness live – latest updatesUK housebuilder Vistry has issued its third profit warning in three months, in a year-end blow to the construction company that sent its shares to a two-year low.The business, which was relegated from the FTSE 100 share index on Monday, now expects annual adjusted pre-tax profit of just £250m, down from previous guidance of about £300m. Continue reading......
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08.11.24 - 11:36
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Shares in housebuilder Vistry plunge as cost overruns hit profits (The Guardian)
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Firm issues another profit warning after review into 'understated' build costs in south divisionShares in the FTSE 100 housebuilder Vistry plunged on Friday after it issued a second profit warning in as many months and said cost overruns on building projects were worse than previously thought.Vistry was the top faller on the blue chip index of stocks, with shares down 18%, wiping about £500m off the value of the company. Continue reading......
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08.10.24 - 11:42
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Housebuilder Vistry loses more than £1bn in value after profit warning (The Guardian)
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FTSE 100 company says profits will lower for the next three years because it underestimated building costsBusiness live – latest updatesMore than £1bn was wiped off the value of housebuilder Vistry on Tuesday after it said that the building costs had been “understated” on some of its projects and issued a profit warning.The company, formerly known as Bovis Homes, saidthe total completion cost for nine of its 46 developments in its south division – including some large schemes – had been understated by 10% of the total build costs. Continue reading......
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