Directors’ Deals: Vistry investor cuts stake

Quick Summary:

The Los Angeles-based activist, whose founder Usman Nabi sits on Vistry’s board, sold over £276,000 worth of shares.

The latter’s Partnerships arm works directly with councils and housing associations on a profit share basis — a model that is latterly being copied by competitors.

Those figures revealed a 10 per cent fall in like-for-like sales and a sharp contraction in its operating margin, not helped by the rollout of a new payment system.

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Article Details

Author / Journalist: Jemma Slingo

Category: MarketsFinanceInvesting

Markets: United StatesChina

Topics: Cent Homes Share Year Financial Been Markets Vistry Bought Shares Biggest

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 17:00:54 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 991 words

Reading Time: 6 minutes read

Sentences: 33 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 22107005

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Official Website: ft.com

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News Last Updated: 13 hours ago

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