Vistry Group (GB:VTY) has released an update.
Vistry Group PLC has announced an increase in its year-to-date sales rate despite challenges in its South Division, which are expected to impact profits by £165 million over the next few years. The company remains optimistic about its Partnerships strategy and is working to address management and cultural issues identified in the South Division. While market conditions have been slower than expected, Vistry continues to see strong demand in the private rented sector and is actively securing new development opportunities.
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