Housebuilder Vistry slashes profit forecasts as losses balloon

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Guardian Business

Housebuilder Vistry slashes profit forecasts as losses balloon

Firm unveils further cost-cutting plan including job losses blaming poor summer sales of private homes Business live – latest updates 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. Adam Daniel, the new chief executive of the Bovis Homes and Countryside owner, insisted that “the issues…