Vistry Group shares fell more than 8% in early trading on Wednesday after the UK housebuilder warned of a £30 million pre-tax loss for the first half of the year.

The financial warning coincided with the announcement that the company’s finance chief is stepping down, compounding concerns over the firm’s near-term outlook.

The sharp sell-off extends a prolonged period of underperformance for the stock, which has slumped by approximately 60% over the past 12 months.

The sharp sell-off extends a prolonged period of underperformance for the stock, which has slumped by approximately 60% over the past 12 months.

Investors are reacting to the combination of a significant profit warning and key executive departure, signaling potential instability in the company’s financial management and strategic direction.

The development underscores the mounting pressure on UK homebuilders as they navigate a challenging market environment.

The loss warning suggests that revenue streams or cost structures have deteriorated more than previously anticipated, raising questions about the sustainability of current operations.