Housebuilder Vistry warns of losses amid heavy discounting on unsold homes

According to The Guardian, Vistry Group—one of Britain's biggest housebuilders—is warning of a thirty million pound loss in the first half of the year. Heavy discounting on unsold homes, driven by weakening consumer confidence and a cooling housing market, forced the company into the red. The news triggered an eight percent drop in Vistry's share price, and its finance director has announced a departure.

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