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08.07.26 - 13:54
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Housebuilder Vistry warns of losses amid heavy discounting on unsold homes (The Guardian)
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Group blames expected £30m loss in first half of year on weakening market and lower consumer confidenceVistry Group, one of Britain's biggest housebuilders, has warned it will make a loss in the first half of the year, after it resorted to heavy discounting to attract buyers for unsold homes .Vistry shares fell by 8% after the firm also announced its finance director was leaving. Continue reading......
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30.06.26 - 14:18
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UK housebuilders face class action suit over alleged collusion to inflate prices (The Guardian)
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Law firms seek up to £4.5bn on behalf of 700,000 buyers of new-build homesBusiness live – latest updatesBritain's biggest housebuilders, including Barratt Redrow and Taylor Wimpey, face a multibillion-pound class action lawsuit over claims that they colluded over higher prices for homebuyers.The lawsuit is being led by Mark McLaren, a former legal affairs manager at the consumer group Which?, on behalf of more than 700,000 consumers who bought a new-build between 2015 and 2026, against Barratt, Bellway, Berkeley Group, Persimmon, Taylor Wimpey, Vistry Group and Bloor Homes. Continue reading......
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