Vistry warns of first-half loss as daily net debt nears £800m

Vistry has warned it will post a first-half loss after driving average daily net debt close to £800m as the partnerships house builder prioritised paying suppliers faster while funding a sweeping balance sheet reset.
The group expects to report a first-half pre-tax loss of around £30m after taking a £50m hit from aggressive cash-generation measures, including deeper sales discounts, accelerated asset sales and write-downs on low-margin sites.
In a half-year trading update, new