1011 GMT - Although Vistry's CEO implies the company has no more skeletons in the closet after issuing three profit warnings in 2024, its outlook statement implies the road to recovery will be rocky, AJ Bell analyst Russ Mould says in a note. The U.K. house builder's rate of sales per site per week is down substantially on year so far in 2025, build costs are going up, and margin recovery will be in focus for the second half of the year, Mould says. "The company can be as upbeat as it wants--investors want action, not words, and there isn't enough evidence that Vistry is being nursed back to good health," he says. Shares are down 4.4% at 620 pence. (anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
March 26, 2025 06:11 ET (10:11 GMT)
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