FTSE 100 company once known as Bovis Homes says profits will shrink over three years after it underestimated building costsBusiness live – latest updatesMore than £1bn was wiped off the value of housebuilder Vistry on Tuesday after it said that the building costs had been “understated” on some of its projects and issued a profit warning.The company, formerly known as Bovis Homes, saidthe total completion cost for nine of its 46 developments in its Basingstoke-based south division – including some large schemes – had been understated by 10% of the total build costs. Continue reading...
Continua a leggere su "The Guardian"