<p>工党的一家主要住房建设合作伙伴警告称，由于被迫降低房价以促进销售，利润将 “显著降低”。</p>
<p>维斯特集团的股价在早盘交易中暴跌多达 11.5%，因为该公司警告称，决定加大折扣将比之前预期更大程度地影响利润。</p>
<p>这家在伦敦上市的房屋建筑商今年早些时候采取了削减成本的策略，以吸引买家，并试图产生更多现金以偿还其 1.44 亿英镑的债务。</p>
<p>维斯特还在一些工地上推迟施工，并暂停股票回购，自年初以来，其股价已下跌 55%。</p>
<p>这标志着这家房屋建筑商最新的一系列利润警告，因其低估了英格兰南部建房的成本，面临现金紧缩。</p>
<p>由于中东战争爆发引发的不确定性，这一情况更加严重，公司警告称，冲突导致材料和劳动力成本面临 “上行压力”。</p>
<p>高管表示，他们正试图通过与承包商和供应商谈判来减轻更高成本的影响。</p>
<p>最近提交给政府的数据表明，维斯特对供应商的付款中有超过一半是逾期的，且有报道称它在至少两个关键地区要求分包商延迟付款和折扣。</p>
<p>维斯特的财务困境将给工党施加更大压力，要求其解释为何向这家房屋建筑商提供了约 3.15 亿英镑的纳税人支持的贷款和合同。</p>
<p>影子住房部长保罗·霍尔姆斯表示，在今年早些时候政府与维斯特合作提供可负担住房的细节曝光后，关于工党判断力的问题浮出水面。</p>
<p>霍尔姆斯先生进一步担忧，负责分配资金的住房机构 Homes England 并未直接监控与其合作公司的财务可行性。</p>
<h2>‘执行风险仍然很高’</h2>
<p>维斯特在四月警告称，成本压力上升可能引发现金危机。在其所谓的 “严重但合理的下行情景” 下，该公司表示可能会超出其承诺的借款额度，并违反某些贷款协议。</p>
<p>新任首席执行官亚当·丹尼尔斯正在对业务进行更广泛的审查，他是在长期首席执行官格雷格·菲茨杰拉德于三月突然离职后接任的。</p>
<p>菲茨杰拉德的离职标志着这家房屋建筑商一个时代的结束，因为它在从私人住房建设转向所谓的合作伙伴模式，专注于代表住房协会、地方当局和私人租赁市场房东建房的过程中遇到了麻烦。</p>
<p>尽管前景黯淡，维斯特表示其激进的折扣策略已带来了销售增长，且其全年的利润有望达到分析师的预期。</p>
<p>RBC 资本市场的分析师安东尼·科德林警告称，尽管正在取得进展，但市场条件几乎没有提供任何帮助，执行风险仍然很高。</p>
<p>RBC 此前计算出，维斯特的房价削减幅度远远超过同行，样本中约 43% 的 1,258 套房屋的价格被削减。</p>
<p>这一利润警告正值房屋建筑商在周三的股东会议前准备应对潜在的投资者反对高管薪酬。</p>
<p>两家顾问公司 ISS 和 PIRC 已敦促股东反对公司的薪酬报告，以抗议允许高管增加奖金支付并更快兑现的政策。</p>

<p>工党的住房建设合作伙伴维斯特里集团（Vistry Group）警告称，由于旨在促进销售的降价，利润将显著下降，导致其股价下跌 11.5%。该公司面临现金紧张，负债达到 1.44 亿英镑，并已推迟施工并暂停股票回购。由于地缘政治紧张局势加剧，材料和劳动力成本上升，进一步加重了财务压力。尽管激进的折扣促销导致销售增加，但分析师警告市场条件依然严峻。维斯特里的财务困境引发了对工党合作伙伴关系和融资决策的质疑</p>

<p>One of Labour’s key housebuilding partners has warned of “significantly lower” profit after it was forced to cut house prices to boost sales.</p>
<div class="lb-trans"><p>工党的一家主要住房建设合作伙伴警告称，由于被迫降低房价以促进销售，利润将 “显著降低”。</p>
</div><p>Shares in Vistry Group plunged by as much as 11.5pc in early trading after the company warned its decision to deepen discounts would dent profits more than previously expected.</p>
<div class="lb-trans"><p>维斯特集团的股价在早盘交易中暴跌多达 11.5%，因为该公司警告称，决定加大折扣将比之前预期更大程度地影响利润。</p>
</div><p>The London-listed housebuilder resorted to the cost-cutting strategy earlier this year to help entice buyers as it sought to generate more cash to pay down its £144m debt pile.</p>
<div class="lb-trans"><p>这家在伦敦上市的房屋建筑商今年早些时候采取了削减成本的策略，以吸引买家，并试图产生更多现金以偿还其 1.44 亿英镑的债务。</p>
</div><p>Vistry, which is also delaying construction at some sites and pausing a share buyback, has suffered a 55pc drop in its share price since the start of the year.</p>
<div class="lb-trans"><p>维斯特还在一些工地上推迟施工，并暂停股票回购，自年初以来，其股价已下跌 55%。</p>
</div><p>It marks the latest in a string of profit warnings at the housebuilder, which is facing a cash squeeze after underestimating the cost of building homes in the south of England.</p>
<div class="lb-trans"><p>这标志着这家房屋建筑商最新的一系列利润警告，因其低估了英格兰南部建房的成本，面临现金紧缩。</p>
</div><p>This has been compounded by uncertainty triggered by the outbreak of war in the Middle East, with the company warning of “upward pressure” on material and labour costs as a result of the conflict.</p>
<div class="lb-trans"><p>由于中东战争爆发引发的不确定性，这一情况更加严重，公司警告称，冲突导致材料和劳动力成本面临 “上行压力”。</p>
</div><p>Bosses said they were trying to mitigate the impact of higher costs by negotiating with contractors and suppliers.</p>
<div class="lb-trans"><p>高管表示，他们正试图通过与承包商和供应商谈判来减轻更高成本的影响。</p>
</div><p>Recent data submitted to the Government show more than half of Vistry’s payments to suppliers have been late amid reports it has been demanding deferrals and discounts from subcontractors in at least two of its key regions.</p>
<div class="lb-trans"><p>最近提交给政府的数据表明，维斯特对供应商的付款中有超过一半是逾期的，且有报道称它在至少两个关键地区要求分包商延迟付款和折扣。</p>
</div><p>Vistry’s financial troubles will pile more pressure on Labour to explain why it has handed the housebuilder around £315m in taxpayer-backed loans and contracts.</p>
<div class="lb-trans"><p>维斯特的财务困境将给工党施加更大压力，要求其解释为何向这家房屋建筑商提供了约 3.15 亿英镑的纳税人支持的贷款和合同。</p>
</div><p>Paul Holmes, the shadow housing minister, said there were “questions about Labour’s judgement” after details of the Government’s partnership with Vistry to deliver affordable housing emerged earlier this year.</p>
<div class="lb-trans"><p>影子住房部长保罗·霍尔姆斯表示，在今年早些时候政府与维斯特合作提供可负担住房的细节曝光后，关于工党判断力的问题浮出水面。</p>
</div><p>Mr Holmes raised further concerns that Homes England, the housing quango responsible for allocating the funds, does not directly monitor the financial viability of the companies it works with.</p>
<div class="lb-trans"><p>霍尔姆斯先生进一步担忧，负责分配资金的住房机构 Homes England 并未直接监控与其合作公司的财务可行性。</p>
</div><h2>‘Execution risks remain high’</h2>
<div class="lb-trans"><h2>‘执行风险仍然很高’</h2>
</div><p>Vistry warned in April that rising cost pressures could trigger a cash crunch. Under what it called a “severe but plausible downside scenario”, the company said it could exceed its committed borrowing facilities and breach certain loan agreements.</p>
<div class="lb-trans"><p>维斯特在四月警告称，成本压力上升可能引发现金危机。在其所谓的 “严重但合理的下行情景” 下，该公司表示可能会超出其承诺的借款额度，并违反某些贷款协议。</p>
</div><p>A broader review of the business is being undertaken by Adam Daniels, the new chief executive, who took the helm after the abrupt exit of Greg Fitzgerald, the long-serving boss, in March.</p>
<div class="lb-trans"><p>新任首席执行官亚当·丹尼尔斯正在对业务进行更广泛的审查，他是在长期首席执行官格雷格·菲茨杰拉德于三月突然离职后接任的。</p>
</div><p>Mr Fitzgerald’s departure signalled the end of an era for the housebuilder amid its troubled shift from private housebuilding towards a so-called partnerships model focusing on building homes on behalf of housing associations, local authorities and private rented sector landlords.</p>
<div class="lb-trans"><p>菲茨杰拉德的离职标志着这家房屋建筑商一个时代的结束，因为它在从私人住房建设转向所谓的合作伙伴模式，专注于代表住房协会、地方当局和私人租赁市场房东建房的过程中遇到了麻烦。</p>
</div><p>Despite the gloomy outlook, Vistry said its aggressive discounting strategy had delivered a rise in sales and that its full-year profit was on track to meet analyst expectations.</p>
<div class="lb-trans"><p>尽管前景黯淡，维斯特表示其激进的折扣策略已带来了销售增长，且其全年的利润有望达到分析师的预期。</p>
</div><p>Anthony Codling, an analyst at RBC Capital Markets, warned that while progress was being made, market conditions were providing “little if any help and execution risks remain high”.</p>
<div class="lb-trans"><p>RBC 资本市场的分析师安东尼·科德林警告称，尽管正在取得进展，但市场条件几乎没有提供任何帮助，执行风险仍然很高。</p>
</div><p>RBC previously calculated that Vistry had been cutting house prices much more aggressively than its peers, with prices cut on around 43pc of a sample of 1,258 homes.</p>
<div class="lb-trans"><p>RBC 此前计算出，维斯特的房价削减幅度远远超过同行，样本中约 43% 的 1,258 套房屋的价格被削减。</p>
</div><p>The profit warning comes as the housebuilder braces for a potential investor backlash over executive pay before a shareholder meeting on Wednesday.</p>
<div class="lb-trans"><p>这一利润警告正值房屋建筑商在周三的股东会议前准备应对潜在的投资者反对高管薪酬。</p>
</div><p>Two advisory firms, ISS and PIRC, have urged shareholders to oppose the company’s pay report in protest against policies that would allow executives to increase their bonus payouts as well as cash them in faster.</p>
<div class="lb-trans"><p>两家顾问公司 ISS 和 PIRC 已敦促股东反对公司的薪酬报告，以抗议允许高管增加奖金支付并更快兑现的政策。</p>
</div>

工党的房屋建筑合作伙伴在削减房价后发出利润预警