Vistry Cuts Profit Outlook

Vistry Group, a major British housebuilder, has significantly reduced its profit forecasts due to first-half losses caused by a £475m writedown and a surplus of unsold homes. The company reported a £661.3m loss before tax for the period, with revenues falling 9%, and has indicated plans to streamline operations, cut costs, and focus on specific regions to address the property market challenges.

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