Vistry lifted by COVID-19 update

The price of shares in FTSE 250 builder Vistry (LON:VTY) climbed 11.36% to 809p (as of 15:00 BST) after it outlined its current position. The company’s sites have been closed but management has taken the decision to reopen the majority of them on the 27th of April. Works will be carried out in line with Government protocols and office staff will continue to work from home.

CEO Greg Fitzgerald commented: “I would like to thank all our colleagues and subcontractors for their remarkable resilience and commitment during these times and am pleased to announce that we will be recommencing activity levels across the majority of our developments on Monday 27th. Health & safety remains our top priority and a huge amount or work has gone into making sure our people can return to work with confidence in safe and well-planned operating procedures. This first step represents a positive move for the Group, as well as the wider economy, and the critically important delivery of new homes“.