- Share buyback preferred over interim dividend
- Sole focus on affordable housing
The board of Vistry (VTY) must be pretty pleased with itself. The company's shares leapt by 14 per cent on the day of its half-year results after the housebuilder said its "sole focus" will be selling “affordable homes” to organisations rather than individuals on the open market. The share price bump was a resounding vote of confidence in the move - or, at least, in the prospect of a "significant release of capital" (£1bn over three years) that Vistry expects to accompany the shift.