Big losses for Vistry Group this morning after the housebuilder published full year results. Whilst these reflected a marked year on year improvement in terms of reservation rates, this hasn’t been reflected in the forward order book and the capital allocation policy may have caught some investors off guard, too. Once the current buyback is completed, debt reduction will be the priority for management and there’s no expectation of a quick uplift in profits despite the government’s social housing grants being expected to impact orders especially in the second half. The Vistry share price was off 18% in early trade.
Challenger bank Metro released its full year numbers, reporting record profits of £98m and ongoing net interest margin expansion, although the key financial metric for many banks – Return on Tangible Equity – remains stuck in single digits at just 6.4%. This does continue to improve however and management are bullish about the outlook, with returns forecast to double in six months and treble over the next 18 months. The Metro Bank share price was up 6% shortly after the open.
FTSE-250 listed construction group Galliford Try released interims this morning which sae management upgrading full year targets to above the top end of current market expectations. The order book is 5% stronger than it was a year ago, 98% of FY26 revenue is secured and 80% of the FY27 book is covered, too. The Galliford Try share price was trading up more than 5% by 8.30am.
Most read news on Investegate this morning
Full year results for the year ended 31 Dec 2025 - - Vistry Group (VTY)
Executive Chair and CEO to retire - - Vistry Group (VTY)
Barratt Redrow Group Chief Executive Succession - - Barratt Redrow (BTRW)
