Vistry Group shares soar by the most ever
The 15% move up in shares represents the biggest single day’s trade since the company originally traded as Bovis Homes.
The move is down to a shift in strategy to merge its affordable housing 'Partnerships' business with its housebuilding operations. The announcement comes amid disappointing earnings, but the company has said it is now aiming to return £1 billion to shareholders over the next three years from the move. It says it will launch an initial share buyback programme of up to £55 million in November 2023.
Related articles
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.