Vistry profits slump after site costs reporting debacle

Partnership homes specialist Vistry saw profits tumble nearly two-third last year after being impacted by poor cost reporting at the southern division.
Pre-tax profit slumped to £105m from £293m previously on revenue down 6% to £3.8bn.
Chief executive Greg Fitzgerald said organisational and leadership changes implemented after a swift review had dealt with shortcomings.Vistry also introduced an internal whistleblower line for employees. The ‘speak up service’ will n