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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

Housebuilder Vistry warns of losses amid heavy discounting on unsold homes

Houses under construction with scaffolding, showing brick walls and roofs in various stages of completion
Vistry has blamed expected losses on weak consumer demand amid the Iran conflict. Photograph: Andrew Matthews/PA

Vistry Group, one of Britain’s biggest housebuilders, has said it will make a loss in the first half of the year, after it resorted to heavy discounting to attract buyers for unsold homes .

Vistry shares fell by 8% after the firm also announced its finance director was leaving.

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