Construction Enquirer·3 min read·medium
Vistry warns of first-half loss as daily net debt nears £800m
✦AI Summary
Vistry Group has warned of a first-half pre-tax loss of £30m as it undergoes a major financial restructuring. The company is prioritizing debt reduction and supplier payments while scaling back land acquisitions and private home construction.
Vistry has warned it will post a first-half loss after driving average daily net debt close to £800m as the partnerships house builder prioritised paying suppliers faster while funding a sweeping balance sheet reset.
businesseconomy
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in