Browsing: Vistry
The housebuilding industry is currently struggling, with firms complaining about high energy costs, expensive labor, regulatory burdens, planning delays, and taxes. However, few companies have managed their challenges as poorly as Vistry. Three years ago, the conglomerate—formed from the Bovis, Linden, and Countryside brands—aimed to construct 20,000 homes annually. It positioned itself as a favorite…
Vistry has warned that more layoffs are expected as the housebuilder aims for an additional £50 million in cost reductions, following a half-year loss of over £660 million and a lowered profit forecast for the full year.