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Vistry benefits from the UK affordable-housing shortage and a relatively capital-light business model. Funding delays, cost overruns, and discounted sales are putting pressure on profits and cash flow. Liquidity and covenant headroom are tightening, creating a risk of an equity raise.

Vistry Group LON: VTY said it expects a first-half loss before tax of about GBP 30 million after cash-generation actions, while maintaining full-year adjusted profit guidance of around GBP 200 million and outlining plans to reduce leverage under new Chief Executive Adam Daniels.

UK housebuilders are under intense pressure this year. Barratt Redrow shares have dropped by 27%, while Taylor Wimpey, Barratt Redrow, and Persimmon have plunged by 27%, 28%, and 25% this year.

Vistry Group PLC (LSE:VTY) expects to report a first-half loss after its new chief executive accelerated measures to cut debt, reduce stock and reshape the housebuilder's operations. The partnerships-focused housebuilder said it expects a loss before tax of about £30 million for the six months to 30 June after taking a £50 million hit from actions including heavier discounts on slower-selling homes, asset sales and…

Persimmon PLC (LSE:PSN) shares rose 4% on Monday after JP Morgan named the housebuilder as its preferred stock in the sector while downgrading Taylor Wimpey PLC (LSE:TW.) and Vistry Group PLC (LSE:VTY) to 'underweight', as rising mortgage rates and build cost inflation force the bank to cut its 2027 earnings forecasts by an average of 20%.