IN BRIEF: Vistry chief steps in to buy shares after profit warning

Vistry Group PLC - Kent, England-based housebuilder - Executive Chair & Chief Executive Officer ...

Alliance News 8 October, 2024 | 1:52PM
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Vistry Group PLC - Kent, England-based housebuilder - Executive Chair & Chief Executive Officer Greg Fitzgerald buys 20,498 shares at GBP9.66, worth GBP198,011, on Tuesday. Fitzgerald's purchase comes as Vistry shares take a beating following a profit warning earlier in the day. In an unscheduled trading update, Vistry lowered its 2024 outlook due to an understatement of development costs in its South Division. Guidance for group adjusted pretax profit was cut by 19%, sending the stock down by a third at its intraday low.

Current stock price: 970.50 pence, down 24% in London on Tuesday

12-month change: up 24%

By Tom Waite, Alliance News editor

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Vistry Group PLC 963.50 GBX -24.31 -

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