Shares in housebuilder Vistry plunge as cost overruns hit profits

08/11/2024 11:10 The Guardian

Firm issues second profit warning in a month after review into ‘understated’ build costs in south divisionShares in the FTSE 100 housebuilder Vistry have plunged after it issued a second profit warning in as many months and said cost overruns on building projects were worse than previously thought.Vistry was the top faller on the blue chip index of stocks on Friday morning. The builder’s shares were down 18%, wiping about £500m off the value of the company. Continue reading...

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