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UK housebuilder Vistry warns of ‘significantly’ lower profits amid Iran war uncertainty

about 3 hours ago
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One of the UK’s biggest housebuilders has said its profits will be “significantly” lower, as it was forced to cut prices after heightened uncertainty caused by the US-Israeli war on Iran.Vistry’s shares plunged 10.5% in early trading on Wednesday, hitting their lowest level in nearly 15 years, as it told shareholders its first-half profits would be hit by the fallout from the Middle East conflict.In a stock market update hours before its annual general meeting, the housebuilder, which owns Bovis Homes, Countryside and Linden Homes, said circumstances had changed since it last updated investors in March.It said: “The level of macroeconomic uncertainty has increased, and with it the range of potential outcomes for the current year.

”While the rate of sales was higher than a year earlier, buyers had become cautious in recent weeks, “reflecting uncertainty arising from the Middle East conflict”, it said.The war had “created some upward pressure” on the costs of building materials and worker wages, which were likely to continue into the second half of the year, it added.Vistry said it was “mitigating these where possible”, including by negotiating with its suppliers, and in the meantime was trying to lure buyers through bigger incentives and discounts.Together, those efforts are expected to weigh on profits, Vistry said.It has also halted its programme of buying its own shares “to prioritise debt reduction”.

“We expect [first-half] profit to be significantly lower than the prior year,” the company said, adding that it expected a partial recovery in the second half of the year, with profits due to be flat compared to 2025,It said adjusted pre-tax profits for the entirety of 2026 would probably be in the “middle of the range” of analyst forecasts,Vistry’s new chief executive, Adam Daniels, is now launching a company-wide “operational review”, with the results expected to be announced in September,Vistry has been no stranger to unexpected drops in profit, having issued three profit warnings in 2024,Bosses managed to stabilise the business, reporting a 2% rise in adjusted pre-tax profit for the 2025 financial year.

“Vistry’s trading update paints a bleak picture of the UK housing market,” said Anthony Codling, a managing director of equity research at RBC Capital Markets,“Today’s update contains good and bad news: progress is being made, but market conditions are providing little, if any, help and execution risks remain high,Vistry is not out of the woods yet, but it is one step closer to the edge of the forest,”Meanwhile, the estate agent Savills said that while it was trading marginally ahead of forecasts, it was expecting the Iran war to weigh on UK housing sales,“Within our key ​UK market … ​we have seen greater caution ​among both buyers and sellers ‌since the onset of the Middle East conflict,” it said.

It added that its Middle Eastern business, which accounts for roughly 5% of its annual underlying profits, had also “slowed materially” during the crisis.
societySee all
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Capacity of lifts not kept up with UK obesity levels, study shows

Lifts are no longer big enough to fit the UK’s larger citizens, according to researchers.A study of maximum capacity in elevators in the UK and mainland Europe found lifts have not kept up with increasing obesity levels, raising concerns about safety and equity.The research, presented at the European Congress on Obesity in Istanbul, Turkey, used photos of weight limits for 112 lifts manufactured between 1972 and 2024 in the UK, France, Germany, Italy, Spain, Austria and Finland.Prof Nick Finer, the president and chair of the International Prader-Willi Syndrome Organisation and lead author of the study, compared the average maximum weight allowance (total weight allowance divided by maximum passenger limits) with the average adult weight in the year the lift was manufactured.The research found that despite adults’ continued growing weight, total lift limits have not increased since about 2004

about 15 hours ago
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‘Unprecedented’ global effort gives new name to polycystic ovary syndrome – and new hope to millions of women

After more than a decade of global consultation, polycystic ovary syndrome (PCOS) – a condition that affects one in eight women – has been renamed.The hormonal disorder, estimated to affect 170 million women worldwide, will now be known as polyendocrine metabolic ovarian syndrome (PMOS).The name change was published in the Lancet and announced at the European Congress of Endocrinology in Prague on Tuesday, after 14 years of collaboration between international societies and patient groups across six continents.The renaming was spearheaded by the endocrinologist Prof Helena Teede, the director of Melbourne’s Monash Centre for Health Research and Implementation. For too long, experts including Teede say, the misleading nature of the term “polycystic” in PCOS contributed to delayed diagnosis and inadequate medical care

about 23 hours ago
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‘I still want to scream’: the loneliness and confusion of living with PMOS

The name polycystic ovary syndrome (PCOS) needed to change. It was inaccurate and it was worsening outcomes for people with the condition.It fuelled misconceptions that it is primarily a gynaecological condition, without enough focus on the whole-body effects across cardio-metabolic, mental, skin and reproductive health.A US National Institute of Health Forum described the name PCOS as a “distraction and impediment to progress … causing confusion and a barrier to effective education of clinicians and communication with the public and research funders”.On Tuesday, the new name of the disease was revealed to be polyendocrine metabolic ovarian syndrome (PMOS), and was published in the Lancet

1 day ago
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What is PCOS, what are the symptoms and treatment, and why is it being renamed PMOS?

Polycystic ovary syndrome is being relabelled polyendocrine metabolic ovarian syndrome to correct the misconception that it is solely a gynaecological disease that creates ovarian cysts. Here’s what you need to know about the condition ‘Unprecedented’ global effort gives new name to polycystic ovary syndrome – and new hope to millions of women ‘I still want to scream’: the loneliness and confusion of living with PMOSWith polycystic ovary syndrome (PCOS) now being rebadged as polyendocrine metabolic ovarian syndrome (PMOS), we take a look at the condition and explore why experts have decided it is time for a new name.It’s a multifaceted condition that can affect women differently but symptoms tend to begin in late adolescence. As the NHS notes, these can include irregular or no periods, irregular ovulation, extra facial or body hair, acne, weight gain and hair loss from the head.“At different stages of your life you present in different ways,” says Prof Colin Duncan of the MRC Centre for Reproductive Health at the University of Edinburgh in Scotland

1 day ago
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More than 6,000 children treated at obesity clinics in England, figures show

More than 6,000 children living with obesity, including hundreds as young as four, have required treatment at specialist NHS weight-loss clinics, new figures reveal.NHS England data, published for the first time, underlines the scale of the growing childhood obesity crisis.Since the first Complications from Excess Weight clinic (CEW) opened in 2021, the NHS has treated 6,497 children and teenagers. Of these, 423 were four years old, 1,088 were aged between five and eight, 1,791 were aged nine to 12 and 3,137 were aged between 13 and 17. The age of a further 58 is unknown

1 day ago
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Consuming fruit and a cup of coffee a day can halve risk of unhealthy cell ageing, study suggests

Eating fruit and drinking a cup of coffee a day could halve the risk of cells ageing unhealthily, research suggests.Foods rich in polyphenols such as berries, apples, coffee, cocoa and tea are known to have antioxidant and anti-inflammatory properties, but a new study has found they are also associated with a lower risk of short telomeres, the “ends” or caps of DNA that, when shorter, increase the risk of cell death and unhealthy ageing.Researchers from the University of Navarra in Pamplona, Spain, measured the length of telomeres in samples from more than 1,700 adults in 2008 and also in 2015 and assessed participants’ total polyphenol consumption.The study, presented at this year’s European Congress on Obesity in Istanbul, found that compared with those who consumed the least polyphenols, those with the highest amounts in their diets had a 52% lower risk of short telomeres.Moderate coffee consumption (up to one cup per day) was associated with a 26% lower risk of short telomeres compared with non-consumers, while four to five servings of fruit a day was also linked to a lower risk, with participants consuming the most fruit having a 29% lower risk of having short telomeres compared with those who ate the least

1 day ago
technologySee all
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Google announces raft of free upgrades for Android phones

about 20 hours ago
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Head of Microsoft’s Israel branch to step down after inquiry into dealings with Israeli military

about 21 hours ago
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GameStop’s $55.5bn bid for eBay rejected as ‘neither credible nor attractive’

1 day ago
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Trump heads to China to spread the gospel of American tech

1 day ago
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Trump heads to China to spread the gospel of American tech while emulating Xi Jinping on AI

1 day ago
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Molière Ex Machina: AI used to create ‘new work’ by beloved French playwright

2 days ago