Vistry Group PLC

House builders, building material manufacturers.

Uh, Vistry is the house builder that accounts for a huge number of, uh, these what are known as short positions, followed by Ibstock, Nick.

That's a listed company, and they make bricks, and they have, for a long time now, been the most shorted stock on the market.

That is the stock that more than any other investors expect to continue its decline.

And Taylor Wimpey isn't the first or only developer to scale back its operations in London, which demonstrates how difficult it's become to viably, uh, deliver homes there.

On a similar theme, Vistry has reported a pre-tax, uh, loss of six hundred and sixty million pounds for the six months ending the thirtieth of June, falling from a forty-one million pound profit over the same period last year.

Vistry has a workforce of over four thousand employees, and approximately three hundred and fifty employees have already departed over the past few months.

Vistry is now, it says, scaling back operations significantly, consolidating twenty-five regions into twelve, with a greater focus on the North, the Midlands, and the West.

It's been reported that Vistry intends to pull out of open market sales in the South East of England altogether, switching those sites to ho- uh, homes pre-sold to partners.

And it will cut targets from delivering sixteen thousand homes a year to twelve thousand homes a year, which is significant in the context of the focus on greater delivery.

The third item, uh, is Lincolnshire Council has launched a legal challenge to the government's approval of the Beacon Fen Energy Park NSIP, which is a solar and battery scheme, uh, covering over seven hundred hectares near Heckington.

House builder index is up 2.3%.

Uh, Barratt Developers are up 2.5, and Vistry up 3%.

I guess this is the market saying this is less bad rather than things are really good.

And then we've had the British Retail Consortium's retail sales, September up 1.3% on the year against a 12-month average of 1.5. Food up 2.5, non-food up 0.3, so cautiously optimistic.

She said, "We have repeatedly questioned why a station of this size lacks a drop-off point.

This has been on our agenda at meetings with Enfi-Enfield Council, Meridian Water, and developer Vistry since the station was opened."

This, [clears throat] this article is by Robert Bennet- Robin Bennett from the Enfield Independent.

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