Housebuilder Vistry exceeds expectations after bidding on Countryside property M&A Vistry, one of the biggest housebuilders in the UK, has bagged £1.64bn in forward sales so far this year, as it seeks to ride out the current economic storm as a construction powerhouse with Countryside Partnerships. House completions rose five per cent to 5,409 in the six months to 30 June. Meanwhile, revenue inched three [...]
Vistry: Housebuilder defends doubled pay packet for chief Property Housebuilder Vistry Group's boardroom remuneration committee has not bowed to shareholder pressure over its chief executive’s hefty salary and bonus package.
Housebuilder Vistry ties bosses pay to carbon cutting efforts Housebuilder Vistry ties bosses pay to carbon cutting efforts Housebuilder Vistry has confirmed it will link its executives pay to sustainability targets from next year onwards, amid the UK’s push for net zero. The new practice appears a tangible effort to make the carbon-heavy construction and housebuilding sector more sustainable, ahead of the UN’s flagship climate conference COP26 in November. While bosses have been [...]
Vistry: Mortgage rates buoy housebuilder as profits top expectations January 12, 2024 Housebuilder Vistry said it was “optimistic” on recent cuts to mortgage rates today as it revealed it topped profits expectations last year. In a trading update this morning, the FTSE 250 housebuilder said pre-tax profits for 2023 were ahead of its previous guidance and in line with last year at £418m. The group also slashed [...]
Vistry shares up on positive outlook for housebuilder May 18, 2023 Housebuilder Vistry said it expects profit to grow this year despite pressure that has been squeezing many of the country’s property companies in recent months. The company, formerly known as Bovis Homes, said it expects to make a pre-tax profit “in excess of £450m” during the current financial year. It would be an increase from [...]
Housebuilder Vistry to double profit in 2021 as Sunak extends property tax cuts March 4, 2021 Housebuilder Vistry Group predicted that it would at least double its profit before tax over the coming financial year after a strong start to the year. As a result of the positive outlook, the firm said that it was reinstating a final dividend of 20p per share. It follows fellow builder Taylor Wimpey in reintroducing [...]
Housebuilder Vistry to reinstate dividend due to strong sales November 12, 2020 Vistry Group is planning to resume shareholder payouts next year as the housebuilder said demand for new homes had remained strong despite the second England-wide lockdown. Vistry, which was previously known as Bovis Homes, said it is on track to report full-year profit before tax at the top end of its expected range of £130m [...]
Springfield: London-listed property developer inks £15m affordable housing deal February 6, 2024 Scottish housebuilder Springfield has won a £15.3m contract to build affordable housing in the region. In an update this morning, the London-listed firm said it would be working with Highland Housing Alliance to complete the homes. Innes Smith, chief of Springfield Properties, said:“Within the last eight months, we have signed contracts worth circa £40m with [...]
Vistry to cut 200 jobs amid affordable housing shake-up October 23, 2023 Housebuilder Vistry said it will cut 200 jobs and make £40m less profit than expected as part of its shift into being a solely affordable housebuilder. Last month the London-listed firm it would focus solely on building affordable homes via its partnerships business after a volatile housing market eroded demand for building in the private [...]
Vistry and build-to-rent giant Sigma extend partnership to meet surging tenant demand February 14, 2024 The firm said today it has entered an agreement with build-to-rent specialists, Sigma Capital Group to deliver the quota across a number of UK regions over the next five years.