The Guardian Australia – Business
·business
·1 hour ago
UK housebuilder Vistry warns of ‘significantly’ lower profits amid Iran war uncertainty
UK housebuilder Vistry reported significantly lower first-half profits Wednesday, citing macroeconomic uncertainty from the US-Israeli war on Iran. The company's shares fell 10.5% to their lowest level in 15 years after it cut prices as buyer caution increased. Rising material costs and worker wages, combined with larger buyer incentives, pressured profits, though management expects partial recovery in the second.
Summary by Glance · The Guardian Australia – Business
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