Shares in Vistry leapt more than 5 per cent today after the firm raised year-end profit expectations for the second time in less than four months.

Announcing a pre-tax profit of £156m in half-year results to June 30, the housebuilder said a strong operational performance and “positive customer demand” in July and August meant it was now forecasting “adjusted” pre-tax profit of around £345m for the year, 5% above its previous guidance. 

The upgrade in expectations saw the firm’s share price rise as much as 6% in early trading. The business had already increased adjusted pre-tax expectations from £310m to £325m in May.

…