Key Takeaway
Firm unveils further cost-cutting plan including job losses blaming poor summer sales of private homesBusiness live – latest updatesVistry Group, one of Britain’s biggest housebuilders, has slashed its annual profit expectations after half-year losses ballooned as it grappled with a £600m pile of unsold homes. Adam Daniel, the new chief executive of the Bovis Homes and Countryside owner, insisted that…
Published September 24, 2026 · Category: News
Overview
Firm unveils further cost-cutting plan including job losses blaming poor summer sales of private homes
Vistry Group, one of Britain’s biggest housebuilders, has slashed its annual profit expectations after half-year losses ballooned as it grappled with a £600m pile of unsold homes.
Details
Adam Daniel, the new chief executive of the Bovis Homes and Countryside owner, insisted that “the issues can be fixed”, as he set out a detailed turnaround plan that involves pulling out of private sales in south-east England and slimming operations to turn Vistry into a more focused, 12,000-homes-a-year builder.
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Source
Originally published at www.theguardian.com.
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What is "Housebuilder Vistry slashes profit forecasts as losses balloon" about?+
Firm unveils further cost-cutting plan including job losses blaming poor summer sales of private homesBusiness live – latest updatesVistry Group, one of Britain’s biggest housebuilders, has slashed its annual profit expectations after half-year losses ballooned as it grappled with a £600m pile of unsold homes.Adam Daniel, the new chief executive of the Bovis Homes and Countryside owner, insisted that “the issues can be fixed”, as he set out a detailed turnaround plan that involves pulling out of
Who reported this story?+
This story was reported by The Guardian World.