Vistry is on track to exceed its profit margin targets after a better-than-expected start to the year, it has said in a trading update this morning.,

The housebuilder, in an update for the six months to 2022, said good demand has led to an 11% increase in its average weekly private sales rate to 0.84 units. 

It now expects its adjusted profit before tax to be at the ‘top end’ of market forecasts at around £417m.