Housebuilder Vistry loses more than £1bn in value after profit warning

Housebuilder Vistry loses more than £1bn in value after profit warning

FTSE 100 company says profits will lower for the next three years because it underestimated building costs Business live – latest updates More than £1bn was wiped off the value of housebuilder Vistry on Tuesday after it said that the building costs had been “understated” on some of its projects and issued a profit warning….