Vistry Shares Plunge on Warning of First-Half Losses
Housebuilder Vistry's shares plunged after the company issued a warning of significant first-half losses. The losses are attributed to heavy discounting on unsold homes.
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Vistry shares slide as it warns of first-half loss
Troubled UK housebuilder says finance chief Tim Lawlor is leaving group
Read full article →Housebuilder Vistry warns of losses amid heavy discounting on unsold homes
Group blames expected £30m loss in first half of year on weakening market and lower consumer confidence Vistry 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...
By Julia Kollewe
Read full article →Vistry shares plunge on warning over first-half losses
The housebuilder said it was now set to tumble to a loss of around £30 million in the first half of the year.
By Holly Williams
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