Vistry Group shares fall 6% as profit and cash outlook worsen

Retail & Consumer Builders And Building Materials Written by: Ian Lyall 07:21 Thu 24 Sep 2026 --> Edited by: Jamie Ashcroft Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business output at the Daily... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Vistry Group PLC ( LSE:VTY ) View Price & Profile Vistry Group shares fall 6% as profit and cash outlook worsen Published: 07:21 24 Sep 2026 EDT Housebuilder Vistry Group PLC (LSE:VTY) shares fell 6% to 251.40p after it cut its full-year profit outlook and lowered its year-end cash forecast. Vistry reduced its 2026 profit outlook by £40 million as it removed partner deals from this year’s plans to allow renegotiation under stricter criteria. It now expects a broadly neutral cash position at 31 December 2026, below previous guidance, reflecting changes to proposed partner deals and disappointing summer sales. A business review is also expected to have a financial impact of about £470 million this year, including changes to site strategies and operations in south-east England. Vistry reported a pre-tax loss of £661.3 million for the six months to 30 June, including a £475 million goodwill write-down, against a £40.9 million profit a year earlier. Its adjusted pre-tax loss was £83.3 million, compared with an £80.6 million profit in the same period last year, while net debt rose to £468.8 million from £293.1 million a year earlier. Banks waived interest cover covenants on two borrowing facilities for the next two testing dates, introducing a £70 million minimum liquidity buffer tested monthly. Chief executive Adam Daniels does not anticipate an equity raise. The group plans to cut its operating regions from 25 to 12 and has identified £50 million in additional annual overhead savings. Continue reading