UK housebuilder Vistry Group warns Budget adds risk to outlook amid market uncertainty; Kings Hill-based FTSE250 firm formerly Bovis Homes.
Vistry has warned investors profits will be “significantly” lower in the first half due to heightened uncertainty from the US–Israel war on Iran, with materials costs and wages rising. The group is rolling out an operational review under new chief executive Adam Daniels and pausing share buybacks to prioritise debt reduction. Other sector players warn of a cautious housing market.