Fall to £40.9m in first six months of year pushes share price down, with order book lower than year ago
Half-year profits at Vistry Group, one of Britain’s biggest housebuilders, have more than halved as buyer demand comes under pressure from concerns over the economy, affordability struggles and slower-than-hoped interest rate cuts.
The company, which owns Bovis Homes, Countryside and Linden Homes, said its pre-tax profit in the first six months of the year fell by 55% to £40.9m.
Continue reading…Fall to £40.9m in first six months of year pushes share price down, with order book lower than year agoHalf-year profits at Vistry Group, one of Britain’s biggest housebuilders, have more than halved as buyer demand comes under pressure from concerns over the economy, affordability struggles and slower-than-hoped interest rate cuts.The company, which owns Bovis Homes, Countryside and Linden Homes, said its pre-tax profit in the first six months of the year fell by 55% to £40.9m. Continue reading…
