UK Housebuilder Crest Nicholson Warns of Full-Year Loss Amid Property Market Slump
British construction firm Crest Nicholson has announced it expects a full-year financial loss and cut its earnings guidance, citing a persistently subdued housing market. The warning triggered a sharp decline in the company's stock price as investors reassess sector outlooks.
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Crest Nicholson Now Sees Full Year Loss Due to UK Housing Slump
Crest Nicholson Holdings Plc reversed previous guidance for a modest profit this year and now expects to make a loss thanks to a subdued housing market and lackluster pricing.
By Meg Short
Read full article →Crest Nicholson shares tumble as homebuilder warns of loss
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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 warns of full-year loss in struggling market - The Times
Crest Nicholson warns of full-year loss in struggling market The Times
Read full article →Crest Nicholson stock falls as earnings and completions guidance cut - Morningstar
Crest Nicholson stock falls as earnings and completions guidance cut Morningstar
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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