Bovis Homes owner’s shares plunge 10.5% after being forced to cut prices as buyers become cautious
One of the UK’s biggest housebuilders has said its profits will be “significantly” lower, as it was forced to cut prices after heightened uncertainty caused by the US-Israeli war on Iran.
Vistry’s shares plunged 10.5% in early trading on Wednesday, hitting their lowest level in nearly 15 years, as it told shareholders its first-half profits would be hit by the fallout from the Middle East conflict.
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This article was originally published by The Guardian and written by Kalyeena Makortoff Banking correspondent.
Read original article on The Guardian