Vistry takes £500m hit as new boss downsizes housebuilder Property Vistry has taken a nearly £500m hit to its value, as the beleaguered housebuilder’s new chief executive sets out drastic plans to downsize the firm to ensure its survival. Adam Daniels, the new boss of the FTSE 250 housebuilder, told shareholders on Thursday that his review into the group revealed that its assets were worth [...]
FTSE 100 Live: Oil prices rise again; Vistry shares crater FTSE 100 Live Welcome back to City AM‘s FTSE 100 live blog. Stick with us throughout the day for the latest London Stock Exchange and wider business and economic news, as soon as we get it. Here’s a look at some of our top headlines today: The liveblog has ended.No liveblog updates yet. Load more
Barratt Redrow hopes to defy housebuilding gloom by splashing cash Property As some of London’s listed housebuilders take emergency measures to cut costs amid rising building costs and stagnant demand for homes, one firm is splashing the cash. Barratt Redrow, which will announce its full-year numbers on Wednesday, defied the miserly approach taken by its rivals earlier this summer when it said it will buy back [...]
Housebuilder shares soar on Burnham council housing plans August 25, 2026 Shares in the UK’s biggest housebuilders rose sharply on Tuesday morning after Andy Burnham revealed plans to spend an initial £10bn on affordable housing. In an announcement on Monday evening, the Prime Minister said the initial funding package would be used to build “thousands more quality council, social and affordable homes”. The funding would be [...]
As it happened: FTSE 100 jumps in best streak since May; Vistry, Melrose lead risers August 25, 2026 Welcome back to the City AM FTSE 100 liveblog. The blue-chip index jumped on Tuesday to extend its best winning streak since May. Melrose Industries led the FTSE 100 after the completion of a probe into a chemical incident in California, while Vistry gained 18 per cent on the FTSE 250 after winning cash in [...]
Vistry shares slide after Allianz ‘cuts insurance cover’ August 10, 2026 Shares in Vistry fell on Monday morning after speculation over its insurance cover prompted fresh fears that the housebuilder is facing cash struggles. The FTSE 250 housebuilder saw its stock slide by nearly eight per cent to 261p in early trading, meaning the firm has shed more than half of its market value in the [...]
‘Grinding it out’: Ibstock swings to loss and cuts dividend amid building slump August 5, 2026 One of the UK’s biggest brickmakers has bemoaned a ‘challenging’ housebuilding market as it slashed its dividend and swung to a loss. Leicestershire-based Ibstock, which is London’s second most shorted stock with a reported short interest of 12.9 per cent, posted a loss of £27m for the first six months of the year, down from [...]
Housebuilder shares rally on Iran war peace hopes and help-to-buy revival August 3, 2026 Shares in leading London’s listed housebuilders jumped on Monday as investors bet a potential Iran war peace deal and a mooted new help-to-buy scheme would provide a boon to Britain’s flagging property market. FTSE-100-listed Persimmon jumped more than four per cent to 1,152 while mid-cap Vistry gained six per cent to 310p on Monday. Analysts [...]
Housebuilder hits a wall: How did Vistry become the UK’s most shorted stock? July 24, 2026 Vistry, the “nation’s favourite housebuilder,” has become the UK’s most shorted stock. From a shift to a bold new model to hopes that it can fuel Burnham’s housing vision, Felix Armstrong unpicks the firm’s recent history Back in 2024, Vistry boss Greg Fitzgerald was brimming with optimism. The housebuilder’s ambitious switch from a private market [...]
Housebuilders urge Rayner to ‘hit the ground running’ and rip up planning red tape July 22, 2026 Housebuilders have called on Angela Rayner to “hit the ground running” and rip up planning red tape after her surprise comeback as housing secretary. Rayner resigned as housing secretary in September over an investigation into her tax affairs but was cleared of wrongdoing in March this year. Leading housebuilding figures told City AM they welcomed [...]