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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Vistry, Barratt and Berkley: Housebuilders to report as investors nervous on rates, mortgages and rule changes September 1, 2023 After their shares soared on the Government’s decision to relax environmental rules, three housebuilders are preparing to update shareholders next week. Vistry, Barratt Developments and Berkeley Group will all update shareholders during the week, as nervous investors will be looking for more indications of what is happening in the mortgage market. Vistry has already said [...]
Vistry lifts profit outlook and build target on demand for affordable homes May 16, 2024 British housebuilder Vistry is on track to build close to 2,000 more homes than what it built last year.
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 to resume dividends after housebuilder reports strong 2020 performance January 12, 2021 Vistry has announced it will resume dividend payouts after a strong second half performance, with the housebuilder expected to report 2020 profit of around £140m. The FTSE 250 developer said this morning that it is planning a “modest” final dividend when it announces its full-year results next month. The company said the decision to resume [...]
Investors unshaken by inflation surge as Wall Street opens higher May 28, 2021 Wall Street’s main indexes opened higher today as investors shrugged off data showing a rise in inflation. Consumer prices rose 0.7 per cent in April after a 0.4 per cent increase in March, exceeding economists’ predictions of a 0.6 per cent gain. The Dow Jones Industrial Average rose 0.3 per cent, while the Nasdaq Composite [...]