UK's Vistry slides on media report of Allianz Trade cutting cover for suppliers
BUZZ-UK's Vistry slides on media report of Allianz Trade cutting cover for suppliers Updates shares, adds Vistry's response in bullet three
** Shares of affordable homebuilder Vistry VTYV.L down as much as 9.2% at 257.40 pence, top laggards among London stocks
** Credit insurer Allianz Trade is reducing the cover it extends to Vistry's suppliers by up to 70%, a move that could exacerbate cash flow squeeze at the struggling housebuilder, the FT reports
** "We are not aware of any supplier withdrawing trade from Vistry due to credit insurance changes and we have seen no interruptions to our supply chain," a Vistry spokesperson told Reuters
** "It clearly does not help sentiment with investors already jittery," says Investec analyst Aynsley Lammin
** Allianz Trade did not immediately respond to a Reuters email for comment
** YTD, Vistry stock down about 59%
(Reporting by Neeshita Beura and Raechel Thankam Job in Bengaluru)