Vistry’s share price jumps 15 per cent as it sets out new affordable homes focus HOUSING Shares in Vistry jumped 15 per cent this morning after the housebuilder said it will now solely focus on building affordable homes.
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.
Vistry shares up on positive outlook for housebuilder Vistry 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 [...]
Vistry launches buyback as revenue boosted by affordable housing push March 14, 2024 Vistry has reported a rise in revenue during the full year as its transition to affordable housing appears to be paying off.
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 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 Group: Will Bovis housebuilder show signs of a rebound amid shareholder revolt? September 3, 2023 Investors will turn their focus to Vistry Group’s half year results on Thursday to see if the housebuilder has shown signs of rebounding amid a tussle between shareholders over its chief’s hefty pay rise. At its general meeting last week, some 45 per cent of shareholders voted against plans to double the annual bonus given [...]
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.
Vistry and Crest shares rise as investors pin hopes on cooling rates and housing recovery January 8, 2024 Experts at the high street bank Barclays were reviewing price targets and ratings for a number of property groups.
Vistry flogs £800m worth of units to Blackstone funds in pivot to affordable homes November 7, 2023 Vistry has sold £819m worth of homes to Leaf Living and Sage Homes, both backed by alternative asset management giant Blackstone, as the company shifts to becoming a solely affordable housebuilder.