UK's Vistry tanks on CEO change, lower 2026 margin forecast

Vistry

04/03/2026 08:13

** Shares of British homebuilder Vistry Group VTYV.L fall 23.1% to near decade low of 484p, top loser on FTSE midcaps.FTMC index

** On track to log worst day since October 2024

** Greg Fitzgerald to retire as the chair in May 2026 and from the role of CEO by March 2027

** In 2026, VTYV expects a lower overall margin reflecting the incentives offered during the current sales initiative

** Near-term market conditions remain challenging, and current international events introduce new uncertainty - CEO Fitzgerald

** YTD, VTYL fell ~2%

($1 = 0.7479 pounds)

(Reporting by Megha Anilkumar Nair)

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