Why Vistry shares are up 9% today

Published 11/06/2025, 09:42
© Reuters

Investing,com -- Shares of British homebuilders surged on Wednesday in anticipation of a forthcoming public spending update from the U.K. finance minister, which is expected to confirm £39 billion in funding for affordable housing over the next ten years.

An index tracking the sector climbed 2.4%, reaching its highest level since November and extending Tuesday’s 5.4% rally.

Vistry led the gains, jumping over 9% and outperforming the broader European STOXX 600 index. 

Fellow homebuilders Crest Nicholson (LON:CRST) and Bellway (LON:BWY) also saw solid gains, rising 5.1% and 3.1% respectively.

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