Crest Nicholson Shares Fall After Homebuilder Warns of Losses
UK housebuilder Crest Nicholson saw its stock drop after issuing a profit warning and further cutting full-year earnings guidance. The downgrade follows a difficult trading period that impacted construction output and sales.
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Crest Nicholson shares tumble as homebuilder warns of loss
UK group is battling weak demand and fallout from the Iran war
Read full article →Housebuilder Crest Nicholson warns of annual loss in ‘subdued’ property market
Firm will complete fewer homes than expected in year to 31 October – between 1,350 and 1,400 The British housebuilder Crest Nicholson has warned of a surprise loss this year as it bemoaned difficult trading in a “subdued” property market. In an unscheduled trading update, the company said it would complete fewer homes than expected in the year to 31 October – between 1,350 and 1,400, down from its previous estimate of 1,400 to 1,500. Continue reading...
By Julia Kollewe
Read full article →Crest Nicholson cuts earning targets again after ‘difficult’ summer
The housebuilder told shareholders that conditions in the property market had been ‘more subdued’ than expected during the summer season.
By Henry Saker-Clark
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