UK's Vistry at over 1 yr-low on profit warning amid cost pressures
Updates
** Shares in homebuilder Vistry VTYV.L slump as much as 20.9% to 691p, hitting lowest levels since Oct. 2023
** Stock top pct loser on FTSE 100 .FTSE index which is down 0.8%
** Co issues second FY profit warning in a month, citing additional costs in its South Division, and says it expects further cost pressures next year
** Now sees FY adjusted profit before tax of about 300 mln pounds ($389 mln) vs 350 mln pounds expected last month
** It could take longer for Vistry to achieve its medium-term profit and capital return targets, and to regain confidence of the market, Investec analysts say
** Including session's losses, stock down ~23% so far this year
Reporting by Prerna Bedi in Bengaluru
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