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The Guardian

Shares in housebuilder Vistry plunge as cost overruns hit profits

The Guardian on
Shares in housebuilder Vistry plunge as cost overruns hit profits



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…



Source link : https://www.theguardian.com/business/2024/nov/08/shares-in-housebuilder-vistry-plunge-as-cost-overruns-hit-profits

Author : Mark Sweney

Publish date : 2024-11-08 10:29:05

Copyright for syndicated content belongs to the linked Source.

Tags : The Guardian

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