Vistry shares fell nearly 10% after Allianz Trade warned suppliers it was cutting credit limits for the housebuilder, potentially reducing cover by up to 70%. The stock dropped around 9% in early trading following the report by the Financial Times. RBC Capital Markets analyst Anthony Codling said the move could pressure Vistry's already-strapped cash flow by forcing upfront payments or limiting materials. Vistry stated it has seen no supply chain interruptions and remains confident in reducing net debt, forecasting a net cash position exceeding £100 million by end-2026. The shares have fallen more than 80% since August 2024.
Allianz SE VNA O.N.
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Vistry Group PLC
Allianz SE