Vistry to make £800m profit after subcontractor cost cuts

Vistry is hoping to generate £800m in operating profit and return £1bn to shareholders after asking subcontractors for a 10% discount on prices.
The house building giant asked its supply chain for cost reductions last October .
In a trading update this morning Vistry said it “will benefit from lower year on year building material costs in FY24 reflecting engagement with our supply chain throughout 2023.“Our high level of visibility on forward sales and build programme ena