The housebuilder said it will cut hundreds of jobs as part of a restructuring that focuses on its affordable homes division.
Vistry has joined rival housebuilders in warning over weaker demand in the housing market as it prepares to shed around 200 jobs from the merger of two divisions.
But earlier this year, the group revealed that it had seen a slowdown in private sales during the summer months due to higher mortgage borrowing costs and inflation squeezing household incomes. Last month, Vistry unveiled plans to merge its housebuilding division with its affordable homes business Partnerships, through which it works with local government authorities and housing associations to build lower-cost homes.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Man finally completes marathon challenge and downs 2,000 pints in 200 daysJon May, 25, has been necking 10 pints a day for the past six-and-a-half months and says he hasn't had a single hangover so far.
Read more »
Bristol man raises more than £10,000 for amputee friend by running 200 miles non-stopWill Robinson ran 644 laps around Queen's Square to raise money for his disabled friend.
Read more »
200-year-old pub saved from developers' wrecking ballThe Corner House pub in Wrightington had been earmarked for destruction
Read more »
Business moves in to 'prominent' Kirkby office bringing 200 jobsThe building was previously home to Barclaycard
Read more »
Bucks Museum hosts nostalgic 1980s exhibitionAn exhibition featuring 200 items from the ‘80s is opening at Bucks Museum in Aylesbury.
Read more »
Hamas kills Israeli soldier during raid to free hostages, as Rishi Sunak calls for release of remaining 200...Hamas has killed an IDF soldier taking part in a raid to free hostages in Gaza, as the Israeli army began its biggest bombardment of the territory since the conflict began.
Read more »