Business, relegated from the FTSE 100 share index this week, blames delays at developments

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UK housebuilder Vistry has issued its third profit warning in three months, in a year-end blow to the construction company that sent its shares to a two-year low.

The business, which was relegated from the FTSE 100 share index on Monday, now expects annual adjusted pre-tax profit of just £250m, down from previous guidance of about £300m.