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Evening Standard
Evening Standard
Business
Holly Williams

Vistry cautions over steep fall in half-year profits

Vistry Adam Daniels Halifax Middle East
Shares in the housebuilding giant fell in morning trading on Monday as the news took investors by surprise (PA) -

Housebuilder Vistry has warned first-half profits will be sharply lower as it looks to boost flagging demand amid the Iran war with incentives and discounts.

The group said house sales have eased back in recent weeks due to uncertainty caused by the Middle East conflict, though year to date open market sales remain around 30% higher year on year.

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