UK's Vistry hits near 15-year low on lower first-half profit warning

Vistry

13/05/2026 08:28

** Shares of British homebuilder Vistry VTYV.L down more than 10% at 292.8 pence, top loser on FTSE midcap .FTMC index, which is up 0.5%

** Shares hit lowest since August 2011

** VTYV expects H1 profit to be significantly lower than year ago

** Co pauses share buyback programme to focus on reducing debt and ramps up discounts to clear inventory

** Expects events in the Middle East to create upward pressure on material and labour prices into H2

** Including session's moves, stock down about 52%

 (Reporting by Megha Anilkumar Nair)

 ((MeghaAnilkumar.Nair@thomsonreuters.com;))