Builders and building materials
Housing market proving not as bad as feared, says broker, seeing most upside for Vistry, Bellway, Gleeson
Vistry should "hold up better than peers" amid the struggling UK housing market, according to Liberum
Company
Vistry Group PLC
LON:VTY
Vistry Group PLC is the new name for Bovis Homes, the UK housebuilder, after it acquired Linden Homes from Galliford Try. With developments from Northumberland to Cornwall and Cheshire to Norfolk, Vistry Group will be delivering around 12,000 private and affordable homes a year across the country, making it one of the top five housebuilders in the UK by volume.
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Small handful of shares set for short-term boost from Hunt's budget, say Liberum strategists
London stocks are currently on a price/earnings discount to Wall Street of 28% versus a long-term average of 16.7%
Builders and building materials
Vistry profits slip on £71.4mln cladding hit
After exceeding internal expectations in the first half, the company reiterated full-year profit guidance
Builders and building materials
Analysts question whether Vistry Group PLC takeover of Countryside Partnership PLC could be a mistake
The City gave a guarded welcome given to the £1.25bn acquisition
Builders and building materials
Vistry Group to buy rival housebuilder Countryside in £1.25bn agreed deal
Countryside shareholders will receive 0.255 of a new Vistry share and 60p in cash for each Countryside share
Archive
FTSE 100 ends a touch higher as energy giants give support after OPEC news; new UK PM unveiled
At the close, the UK blue-chip index was 6.24 points, or 0.1% higher at 7,287.43, just below the session peak of 7,288.46, and well above the day’s low of 7,191.17
Builders and building materials
Vistry sees full-year profit at top end of forecasts after ‘excellent’ first half
Price rises more than offset cost increases in the first half, the housebuilder said
Builders and building materials
FTSE 100 closes barely moved as markets digest US monthly jobs report
The US economy added 372,000 jobs in June this year, which was well above the 250,000 consensus estimate
Builders and building materials
Profits triple for Vistry as revenues soar
Vistra Group PLC reported a significant rise in profit and revenue, as the housebuilder recorded an increase in average sales at the beginning of 2022.
Builders and building materials
Vistry sees strong demand across all business areas
Like Persimmon, the FTSE 250 housebuilder found the market hard to please, despite an improved performance in the second half of the year
Builders and building materials
Vistry dividend forecast upgraded by Barclays
The broker expects the housebuilder's dividends to increase by 44% in 2021, 16% in 2022 and 3% in 2023
Builders and building materials
Vistry tipped as ‘buy’ as stockbroker eyes margin improvement
“We like Vistry for the margin recovery in housebuilding and the potential growth in partnerships," Liberum said in a note.
Builders and building materials
Vistry lifts profit target again as forward sales rise
Vistry said it has full visibility on material requirements out to the end of 2021
Archive
FTSE 100 closes weaker as US blue-chips drop back after holiday; UK NI hike weighs too
At the closing bell, the UK blue-chip index was down 37.81 points, or 0.5% at 7,149.37, only just above the session low of 7,147.94
Archive
Retail in focus in coming week with Dunelm, Ted Baker and delivery boxes maker DS Smith on the schedule
Morrisons, Vistry and McBride will also drop results
Builders and building materials
Vistry secures £83mln grant from Homes England to build affordable homes
The partnership is part of Homes England's programme to commit £5.2bn in affordable housing grants for the period 2021-2026 to strategic partners
Builders and building materials
Vistry reports strong housing demand in all areas
“House price inflation is more than offsetting any cost pressure”
Archive
Vistry update marks Wednesday’s company diary, Fed minutes eyed
Updates are also expected from iron miner Ferrexpo and bowling alley operator Ten Entertainment
Builders and building materials
Vistry's and Countryside Properties' partnerships business set to soar says Barclays
Tracking weekly sales data across each company, the bank has noticed robust trading in both partnerships and housebuilding divisions
Housebuilders Vistry and Persimmon can get boost from ESG upgrade suggests Jefferies
"Changes in ratings can impact the 'investability' of stocks and drive stock market performance"