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HomeBusinessUK housebuilder Vistry’s shares plunge as it issues third profit warning

UK housebuilder Vistry’s shares plunge as it issues third profit warning

Business, relegated from the FTSE 100 share index this week, blames delays at developments

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UK housebuilder Vistry has issued its third profit warning in three months, in a year-end blow to the construction company that sent its shares to a two-year low.

The business, which was relegated from the FTSE 100 share index on Monday, now expects annual adjusted pre-tax profit of just £250m, down from previous guidance of about £300m.

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