Trade credit insurer could cut cover for Vistry suppliers

Trade credit insurer Allianz Trade could cut the credit insurance cover it provides to suppliers of Vistry.
The potential reduction in cover, understood to be as much as 70% for some suppliers, comes as Vistry steps up efforts to generate cash and reduce daily net debt, which stood at £470m at the half-year.
Industry sources said Allianz Trade has been informing suppliers in recent weeks that it is reducing credit limits on new trading with Vistry.According to a report in the Financial Tim