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10.09.25 - 12:42
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Housebuilder Vistry′s profits more than halve amid economic uncertainty (The Guardian)
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Fall to £40.9m in first six months of year pushes share price down, with order book lower than year agoHalf-year profits at Vistry Group, one of Britain's biggest housebuilders, have more than halved as buyer demand comes under pressure from concerns over the economy, affordability struggles and slower-than-hoped interest rate cuts.The company, which owns Bovis Homes, Countryside and Linden Homes, said its pre-tax profit in the first six months of the year fell by 55% to £40.9m. Continue reading......
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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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