Vistry Reports £83mn First-Half Loss, Plans Business Simplification
UKPulse Money Desk
UK housebuilder Vistry has reported an £83 million first-half loss and announced plans to simplify its business operations.
- Vistry recorded an £83 million loss in the first half of the year.
- The company intends to simplify its business.
- Vistry has cut its profit outlook and scaled back growth plans.
UK housebuilder Vistry has reported an £83 million loss for the first half of the year. In response, the company has vowed to simplify its business operations.
The announcement also included a revised profit outlook, which has been cut, and a scaling back of Vistry's growth plans. Following these developments, shares in the UK housebuilder have reportedly declined.