Housebuilder Vistry slashes profit forecasts as losses balloon

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1. Thu, 24 September 2026

   1 report
   • The Guardian World09:00first to report
     Housebuilder Vistry slashes profit forecasts as losses balloon

     Firm unveils further cost-cutting plan including job losses, blaming poor summer sales of private homes Business live – latest updates Vistry Group, one of Britain’s biggest housebuilders, has cut its annual profit expectations after half-year losses ballooned as it grappled with a £600m pile of unsold homes. Adam Daniel, the new chief executive of the Bovis Homes and Countryside owner, insisted “the issues can be fixed” as he set out a detailed turnaround plan that involves pulling out of...