Housebuilder Vistry loses more than £1bn in value after profit warning
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. The company, formerly known as Bovis Homes, saidthe total completion cost for nine of its 46 developments in its Basingstoke-based south division…