Vistry slashes regions as £661m loss lays bare scale of reset

Vistry is to slash its operating regions from 25 to 12 and shrink annual housing output to around 12,000 homes in a radical reset to salvage the struggling business.
The drastic downsizing will also see Vistry pull out of open-market housing across the South East to concentrate any future investment in the North, Midlands and West.
Chief executive Adam Daniels unveiled the sweeping rescue plan as Vistry crashed to a £661m statutory pre-tax loss for the first half, compared with a £41