Vistry shares fell 10 per cent on Wednesday after the UK housebuilder said chief financial officer Tim Lawlor will leave in October and warned of a £30mn pre‑tax loss for the first half, versus a £40.9mn profit a year earlier. The loss includes a £50mn charge from cash‑generation actions such as pricing discounts and accelerated asset sales.

The company forecast a materially improved cash and profit performance in the second half, but the immediate hit underscores the pressure from a slowing housing market and higher input costs linked to the Iran war.

Chief executive Adam Daniels outlined initial steps from his strategic review: building smaller, more affordable homes, shrinking the land bank, slowing construction at selected sites, and cutting overheads. A voluntary redundancy programme is expected to deliver £25mn in annual savings, with further cost reductions promised.

Investor confidence has eroded since 2024 profit warnings over underestimated building costs, a management overhaul in early 2025, and a UK accounting regulator probe into two accountants who prepared Vistry forecasts. The share slide signals the market doubts the turnaround can offset the first‑half loss and the sizable cash‑generation charge.