Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Posted By Global Banking and Finance Review

Posted on January 15, 2025

British homebuilder Vistry warns of uncertain market conditions

(Reuters) - Vistry, Britain's largest homebuilder by output, said on Wednesday that market conditions for the current fiscal year remained uncertain, and also reiterated its 2024 earnings forecast.

The pace of recovery in the British housing sector is under scrutiny, as a slower-than-expected reduction in interest rates hampers affordability, while rising build-cost inflation continues to put pressure on the market.

The FTSE 100 builder, which generates majority of its sales through partnerships with local authorities, housing associations and government providers, said the outcome of the UK government's spending review and the transition to a new Affordable Homes Programme would be crucial in driving momentum in both open and partner-funded markets.

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Sherry Jacob-Phillips)

Recommended for you

  • Biggest IKEA retailer to invest $1 billion in recycling firms

  • UK inflation falls to 2.5%, core price measures slow by more

  • Royal Mail owner IDS' Q3 revenue inches higher on busy Christmas