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Vistry Group PLC, formerly Bovis Homes Group PLC, is a British home construction company based in Kings Hill, England. Bovis Homes completed a deal to acquire Galliford Try's housing arm in January 2020, renaming the combined business Vistry. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. It is one of the biggest housebuilders in the UK.

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economy2 d ago

Vistry Group slashes annual profit expectations and unveils cost-cutting plan after half-year losses

According to The Guardian Business, Vistry Group slashes its annual profit expectations after half-year losses, revealing a cost-cutting plan that includes job losses and aims to reduce private sales in south-east England as it tackles a £600m pile of unsold homes. Adam Daniel, the new chief executive of the Bovis Homes and Countryside owner, said that “the issues can be fixed.”

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Vistry Group slashes annual profit expectations and unveils cost-cutting plan after half-year losses

economy2 d ago

coda.news AI summary

Adam Daniel is the new chief executive of the Bovis Homes and Countryside owner.
Vistry plans to pull out of private sales in south-east England.
Vistry aims to slim operations to become a more focused business.
The company reported half-year losses and a £600m pile of unsold homes.

Vistry Group Bovis Homes

The Guardian BusinessRead original ↗