Vistry’s 30M Loss and Market Shift | London News

Vistry’s facing a brutal reckoning: a £30 million loss forecast for H1, fueled by steep discounts on unsold homes and the exit of its finance director. New CEO, just three months in, is aggressively clearing inventory — down from £600m to under £300m — with average discounts soaring from 1.4% to over 7%. Tougher market conditions, global uncertainty, and rising (though easing) mortgage rates are to blame. To survive, they’re slashing £25m in costs via voluntary cuts and shifting focus to social housing partnerships — but government funding remains uncertain. Analysts are skeptical, citing lack of transparency and a share price that’s cratered over the past year. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c78fefe17f10c38e