Vistry upbeat on second half as UK home demand picks up

Sept 8 (Reuters) - UK homebuilder Vistry Group said on Tuesday it had seen a strong start to the second half of the year, after posting a 28% jump in first-half revenue as the housing market rebounded following the easing of coronavirus-induced restrictions.

The company, formerly called Bovis Homes, posted sales of 606.4 million pounds ($796.8 million) in the half year ended June 30, compared with 472.3 million pounds last year.

“We have seen positive sales trends since early May, with consumer interest higher than at any time in recent years. Our sales rate in the second half to date is running 20% ahead of last year,” Chief Executive Officer Greg Fitzgerald said.

However, the company reported a pre-tax loss of 12.2 million pounds in the first half due to increased costs, compared with a profit of 72.5 million pounds last year.


Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.

Sign up for a free trial of our full service at and follow us on Twitter @Breakingviews and at All opinions expressed are those of the authors.