Vistry takes another £50m hit on build cost blunders

Vistry has issued another £50m profit warning after discovering more under-estimated build costs at its southern division.
The house builder issued a £115m profit warning last month after problems first came to light on nine schemes in the region.
Vistry launched a review across the whole business and issued another Stock Exchange statement this morning.It has found more issues in the division across 18 sites which will impact profits by a further £50m over the next three years