Vistry (FY Results): soft outlook, CEO retiring
Vistry’s full-year underlying income fell 4% to £4.2bn. This was pushed by a 9% drop in completions to fifteen,658 new houses, partly offset by a 3% rise in common promoting costs to round £282,000. Underlying pre-tax earnings rose by 2% to £269mn, helped by decrease financing prices. Free money movement improved from £83mn to £177mn,…