Housebuilder Vistry slashes profit forecasts as losses balloon
Firm unveils further cost-cutting plan including job losses blaming poor summer sales of private homesBusiness live – latest updatesVistry Group, one of Britain’s biggest housebuilders, has slashed 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 that “the issues can be fixed”, as he set out a detailed turnaround plan that involves pulling out of private sales in south-east England and slimming operations to turn Vistry into a more focused, 12,000-homes-a-year builder. Continue reading...
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POLYCRISIS WATCH - by Claire Berlinski
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Read original · claireberlinski.substack.com
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Read original · newsweek.com
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Read original · us.headtopics.com
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Read original · news.un.org
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Read original · thinktank.pk
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Read original · ewn.co.za
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Read original · indiavision.comArab and international media cover Amir's address, highlight call for diplomatic solutions to crises - Read Qatar Tribune on the go for unrivalled news coverage
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Read original · qatar-tribune.com
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Read original · etvbharat.com
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Read original · hindustantimes.com
