Vistry shares plunge after UK housebuilder issues profit warning
WEB2 days ago · Vistry shares plunged by nearly a quarter on Tuesday after the housebuilder warned its full-year profits would be almost a fifth lower than expected because of an underestimation of building costs.
Live news: Vistry warns on profits after cost overruns - Financial …
WEB2 days ago · Vistry warns on profits after cost overruns. Vistry has warned its full-year profits will be almost a fifth lower than expected because of underestimated building costs at some of its developments ...
More than £1bn wiped off housebuilder Vistry's value after profit …
WEB2 days ago · BLWYF. BLWYY. Vistry (VTY.L) shares plummeted on Tuesday morning on the back of a profit warning issued after it discovered costs in one division of its business had been understated. Shares were ...
Vistry’s profit warning exposes faultlines in its partnership model
WEB2 days ago · Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. So much for as safe as houses. A shocker of a profit warning from UK housebuilder Vistry, triggered by a ...
Vistry Shares Plunge Most Since Brexit After Profit Warning
WEB2 days ago · October 08, 2024 at 4:13AM EDT. (Bloomberg) (Bloomberg) -- Vistry Group Plc fell by the most in eight years after the homebuilder said adjusted profit would be £80 million ($105 million) lower than previously forecast for the full year. The warning came after the company found that costs had been understated in one of its divisions, according ...
UK homebuilder Vistry plunges on profit warning due to higher …
WEB2 days ago · By Aby Jose Koilparambil. (Reuters) -British housebuilder Vistry on Tuesday slashed its annual profit forecast after discovering that one of its divisions had understated the cost of some of its developments, sending the company's shares plunging about a third in value. Britain's largest homebuilder by annual output said cost projections at ...
UK's Vistry slashes FY24 profit outlook on revised costs
WEB2 days ago · Shares fall as much as 36.3% to lowest since Dec 2023 2024 profit forecast cut by 80 mln pounds Company says South division understated costs Oct 8 (Reuters) - British housebuilder Vistry (VTYV.L ...
Vistry issues profit warning after build costs higher than estimated
WEB3 days ago · Vistry Group has revised down its expected profit for 2024 by 19% after saying build costs on nine schemes will be higher than projected. The housebuilder, in a trading update this morning, said it had recently became aware that total full-life cost projections to complete nine of its 46 developments have been understated by 10%.
Vistry vows to change management after £115m build cost error
WEB2 days ago · Vistry’s shares fell 31% to 896.5p on Tuesday morning after it issued its profit warning, recovering slightly later in the day. In a trading update, Vistry said it had recently become aware that within one of its six divisions, the South Division, cost projections on nine out of 46 schemes had been understated by around 10% of total build costs.
Vistry shares plunge after builder warns on profit - MSN
WEBBritish housebuilder Vistry has warned that its profit will be £80m lower than expected this year due to issues with some of its housing developments. The FTSE-250 firm told markets this morning ...