Housebuilder Vistry warns of losses amid heavy discounting on unsold homes

Group blames expected £30m loss in first half of year on weakening market and lower consumer confidenceVistry Group, one of Britain’s biggest housebuilders, has said it will make a loss in the first half of the year, after it resorted to heavy discounting to attract buyers for unsold homes .Vistry shares fell by 8% after the firm also announced its finance director was leaving. Continue reading...