The company, previously known as Bovis Homes, said the total completion cost for nine of its 46 developments in its Basingstoke-based south division, including some large schemes, had been understated by 10% of the total build costs. Vistry predicted this would probably reduce profits by a total of £115m - £80m this year, £30m next year, and £5m in 2026. The company now expects profits this year to come in at £350m, well below the £419m it made last year, after predicting a profit increase as recently as last month.
Shares slumped by 28% after the announcement, making it the top faller on the FTSE 100 and wiping £1.2bn off its market value, down to about £3bn.
Denne historien er fra October 09, 2024-utgaven av The Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra October 09, 2024-utgaven av The Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Orders will restrict travel
The warrants relate to the Hamas attack on Israel on 7 October 2023 and the Israeli military response in Gaza.
'I cannot leave now' Guardiola says City's slump sparked new two-year contract
Pep Guardiola has signed a new two-year contract with Manchester City that will extend his tenure as the manager to 2027, with the Catalan stating the champions' current bad form stopped him leaving in the upcoming summer.
Furious drivers hit out at F1 leadership over radio silence
Formula One drivers are fed up and losing confidence in the FIA and the governing body's president, Mohammed Ben Sulayem, after receiving no response to their collective criticism of both in a public statement.
Broja closing in on long-awaited Everton debut
Sean Dyche believes Armando Broja is close to his Everton debut, with the club hoping to fast-track the on-loan Chelsea forward's return.
Vinicius calls for help in ongoing fight against racism
The Real Madrid forward Vinicius Junior has spoken about his fight against racism, describing it as an ongoing battle that he is happy to take on, but warning that he alone \"can't fight all that Black people have been suffering\".
Premier League vote hangs in balance as City tensions rise
Premier League clubs and officials were scrambling yesterday to secure support before a totemic vote on the competition's rulebook.
Maresca unsure of James return date after new hamstring injury
Reece James has sustained another hamstring injury and will miss Chelsea's Premier League visit to Leicester tomorrow, with his manager, Enzo Maresca, unsure about the time frame on the recovery.
Shaw has last laugh after double earns spot in final eight
Long has the Women's Champions League craved the sight of a jam-packed, vociferous, all-standing section of home supporters roaring their team on from behind the home goal.
Hurtig's late strike knocks Out Juventus as Arsenal progress
Lina Hurtig's late poke-in ensured Arsenal secured a spot in the Champions League knockout stage with two group games remaining, a 1-0 win over Juventus enough to put them clear at the expense ofthe Italian club.
'It's sad to see the state the RFU is in'
Former union chief executive Francis Baron urges game to 'wake up' to financial state amid potential record losses
