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Vistry shares plunged more than 30 per cent on Tuesday morning after the housebuilder warned its full-year profits would be almost a fifth lower than expected because of underestimated building costs.
The FTSE 100 group, one of the UK’s largest housebuilders, said the error would reduce its 2024 adjusted pre-tax profit by £80mn to £350mn, and cost a further £35mn…
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