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Vistry confident on Govt targets after posting 10% profit rise


By Michael Griffiths

Vistry has posted a 10% jump in profits to £227.3m in its opening half results as the housebuilder suggested it is confident in delivering the Labour Government’s new housing targets.

The group also saw its total completions rise by 9% to 7,792 units in the six months to the end of June, which it said was driven by good demand across its partner funded markets


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Asos sells Topshop and Topman stake for £135m

Asos has agreed to sell its majority stake in the Topshop and Topman (TSTM) brands to holding company Heartland in a deal worth £135m

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Direct Line back in profit despite falling customer numbers

Direct Line has returned to profitability after posting an operating profit of £63.7m in its first half results, bouncing back from a £93.7m operating loss in H1 last year

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Govt extends EIS and VCT scheme to 2035

The Government has extended the Enterprise Investment Scheme (EIS) and the Venture Capital Trust (VCT) Scheme by 10 years to 5 April 2035

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Segro to buy Tritax EuroBox in £552m acquisition

Property developer Segro has confirmed it will acquire Tritax EuroBox in a deal worth £552m

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CMA clears sugar merger following phase two investigation

The Competition and Markets Authority (CMA) has cleared T&L Sugars’ (TLS’) deal to buy Tereos UK & Ireland’s retail sugar business

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Ashtead Group’s CFO to retire

Ashtead Group has announced that its chief financial officer (CFO), Michael Pratt, has notified the board of his intention to retire in September 2025

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LondonMetric transacts on £120m worth of assets

LondonMetric Property has transacted on £70m of warehouse acquisitions and £50m of non-core disposals

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Gresham House’s Mobeus VCTs to launch £90m share offer

Two funds managed by specialist alternative asset manager Gresham House, Mobeus Income & Growth VCT and The Income & Growth VCT, have launched a £70m share offer with an over-allotment option of £20m

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Sainsbury’s acquires 10 new sites from Homebase for £130m

Sainsbury’s has invested £130m to acquire 10 leasehold stores from Homebase

Coats UK Pension Scheme completes £1.3bn buy-in with PIC

The Coats UK Pension Scheme has completed a £1.3bn buy-in with Pension Insurance Corporation, covering the remaining 80% of the scheme’s liabilities
L&G funds £85m investment with housing association

Legal & General (L&G) has funded a new £85m investment with housing association, Anchor, which will use the proceeds primarily to fund the development of new affordable energy efficient homes
UK’s venture capital landscape ‘resilient’ – GlobalData

UK-based startups raised $9bn (£6.8bn) in funding through 704 venture capital (VC) deals between January and July this year


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