<p>工黨的一家主要住房建設合作伙伴警告稱，由於被迫降低房價以促進銷售，利潤將 “顯著降低”。</p>
<p>維斯特集團的股價在早盤交易中暴跌多達 11.5%，因為該公司警告稱，決定加大折扣將比之前預期更大程度地影響利潤。</p>
<p>這家在倫敦上市的房屋建築商今年早些時候採取了削減成本的策略，以吸引買家，並試圖產生更多現金以償還其 1.44 億英鎊的債務。</p>
<p>維斯特還在一些工地上推遲施工，並暫停股票回購，自年初以來，其股價已下跌 55%。</p>
<p>這標誌着這家房屋建築商最新的一系列利潤警告，因其低估了英格蘭南部建房的成本，面臨現金緊縮。</p>
<p>由於中東戰爭爆發引發的不確定性，這一情況更加嚴重，公司警告稱，衝突導致材料和勞動力成本面臨 “上行壓力”。</p>
<p>高管表示，他們正試圖通過與承包商和供應商談判來減輕更高成本的影響。</p>
<p>最近提交給政府的數據表明，維斯特對供應商的付款中有超過一半是逾期的，且有報道稱它在至少兩個關鍵地區要求分包商延遲付款和折扣。</p>
<p>維斯特的財務困境將給工黨施加更大壓力，要求其解釋為何向這家房屋建築商提供了約 3.15 億英鎊的納税人支持的貸款和合同。</p>
<p>影子住房部長保羅·霍爾姆斯表示，在今年早些時候政府與維斯特合作提供可負擔住房的細節曝光後，關於工黨判斷力的問題浮出水面。</p>
<p>霍爾姆斯先生進一步擔憂，負責分配資金的住房機構 Homes England 並未直接監控與其合作公司的財務可行性。</p>
<h2>‘執行風險仍然很高’</h2>
<p>維斯特在四月警告稱，成本壓力上升可能引發現金危機。在其所謂的 “嚴重但合理的下行情景” 下，該公司表示可能會超出其承諾的借款額度，並違反某些貸款協議。</p>
<p>新任首席執行官亞當·丹尼爾斯正在對業務進行更廣泛的審查，他是在長期首席執行官格雷格·菲茨傑拉德於三月突然離職後接任的。</p>
<p>菲茨傑拉德的離職標誌着這家房屋建築商一個時代的結束，因為它在從私人住房建設轉向所謂的合作伙伴模式，專注於代表住房協會、地方當局和私人租賃市場房東建房的過程中遇到了麻煩。</p>
<p>儘管前景黯淡，維斯特表示其激進的折扣策略已帶來了銷售增長，且其全年的利潤有望達到分析師的預期。</p>
<p>RBC 資本市場的分析師安東尼·科德林警告稱，儘管正在取得進展，但市場條件幾乎沒有提供任何幫助，執行風險仍然很高。</p>
<p>RBC 此前計算出，維斯特的房價削減幅度遠遠超過同行，樣本中約 43% 的 1,258 套房屋的價格被削減。</p>
<p>這一利潤警告正值房屋建築商在週三的股東會議前準備應對潛在的投資者反對高管薪酬。</p>
<p>兩家顧問公司 ISS 和 PIRC 已敦促股東反對公司的薪酬報告，以抗議允許高管增加獎金支付並更快兑現的政策。</p>

<p>工黨的住房建設合作伙伴維斯特里集團（Vistry Group）警告稱，由於旨在促進銷售的降價，利潤將顯著下降，導致其股價下跌 11.5%。該公司面臨現金緊張，負債達到 1.44 億英鎊，並已推遲施工並暫停股票回購。由於地緣政治緊張局勢加劇，材料和勞動力成本上升，進一步加重了財務壓力。儘管激進的折扣促銷導致銷售增加，但分析師警告市場條件依然嚴峻。維斯特里的財務困境引發了對工黨合作伙伴關係和融資決策的質疑</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>工黨的一家主要住房建設合作伙伴警告稱，由於被迫降低房價以促進銷售，利潤將 “顯著降低”。</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>維斯特集團的股價在早盤交易中暴跌多達 11.5%，因為該公司警告稱，決定加大折扣將比之前預期更大程度地影響利潤。</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>這家在倫敦上市的房屋建築商今年早些時候採取了削減成本的策略，以吸引買家，並試圖產生更多現金以償還其 1.44 億英鎊的債務。</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>維斯特還在一些工地上推遲施工，並暫停股票回購，自年初以來，其股價已下跌 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>這標誌着這家房屋建築商最新的一系列利潤警告，因其低估了英格蘭南部建房的成本，面臨現金緊縮。</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>由於中東戰爭爆發引發的不確定性，這一情況更加嚴重，公司警告稱，衝突導致材料和勞動力成本面臨 “上行壓力”。</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，他們正試圖通過與承包商和供應商談判來減輕更高成本的影響。</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>最近提交給政府的數據表明，維斯特對供應商的付款中有超過一半是逾期的，且有報道稱它在至少兩個關鍵地區要求分包商延遲付款和折扣。</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>維斯特的財務困境將給工黨施加更大壓力，要求其解釋為何向這家房屋建築商提供了約 3.15 億英鎊的納税人支持的貸款和合同。</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>影子住房部長保羅·霍爾姆斯表示，在今年早些時候政府與維斯特合作提供可負擔住房的細節曝光後，關於工黨判斷力的問題浮出水面。</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>霍爾姆斯先生進一步擔憂，負責分配資金的住房機構 Homes England 並未直接監控與其合作公司的財務可行性。</p>
</div><h2>‘Execution risks remain high’</h2>
<div class="lb-trans"><h2>‘執行風險仍然很高’</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>維斯特在四月警告稱，成本壓力上升可能引發現金危機。在其所謂的 “嚴重但合理的下行情景” 下，該公司表示可能會超出其承諾的借款額度，並違反某些貸款協議。</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>新任首席執行官亞當·丹尼爾斯正在對業務進行更廣泛的審查，他是在長期首席執行官格雷格·菲茨傑拉德於三月突然離職後接任的。</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>菲茨傑拉德的離職標誌着這家房屋建築商一個時代的結束，因為它在從私人住房建設轉向所謂的合作伙伴模式，專注於代表住房協會、地方當局和私人租賃市場房東建房的過程中遇到了麻煩。</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>儘管前景黯淡，維斯特表示其激進的折扣策略已帶來了銷售增長，且其全年的利潤有望達到分析師的預期。</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 資本市場的分析師安東尼·科德林警告稱，儘管正在取得進展，但市場條件幾乎沒有提供任何幫助，執行風險仍然很高。</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 此前計算出，維斯特的房價削減幅度遠遠超過同行，樣本中約 43% 的 1,258 套房屋的價格被削減。</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>這一利潤警告正值房屋建築商在週三的股東會議前準備應對潛在的投資者反對高管薪酬。</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>兩家顧問公司 ISS 和 PIRC 已敦促股東反對公司的薪酬報告，以抗議允許高管增加獎金支付並更快兑現的政策。</p>
</div>

工黨的房屋建築合作伙伴在削減房價後發出利潤預警