Vistry has ‘no plans’ to raise equity through rights issue, says executive

By Joey Gardiner and Carl Brown2026-06-23T11:02:00

Stephen Teagle says housebuilder will continue to deliver significant numbers of homes despite its first half profit warning and voluntary exit scheme for staff

Housebuilding giant Vistry is not planning to raise more equity from its existing shareholders, a senior executive at the firm has said.

Listed partnerships housebuilder Vistry in May issued a warning on its first half profits and has since seen its share price fall.

The group is discounting some market homes as part of a strategy to boost cash generation, along with other measures including delaying or slowing the building of some sites.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community