UK's Vistry falls on subdued housing demand, starts cutting jobs

By Reuters News

** Shares of British homebuilder Vistry VTYV.L down 1% at 287 pence in volatile trading

** Co starts cutting jobs as part of its ongoing turnaround plan

** Also warns that housing demand remained subdued as affordability pressures continued to weigh on buyers

** Stock has fallen ~55% YTD

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk