UK homebuilder Crest Nicholson warns of annual loss

Crest Nicholson shares plummet to record low as it eyes an annual loss

Crest Nicholson shares tumbled to a record low this morning after it revealed it expects to sell up to 100 fewer homes and swing to a loss this year.

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. Shares plunged.

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.

UK homebuilder Crest Nicholson warns of annual loss

British homebuilder Crest ​Nicholson on Thursday warned of an ‌annual operating loss of around £10 million ($13.49 million), reversing its prior outlook for a ​profit, as subdued demand and ​competitive pricing hit sales.

Crest Nicholson slashes housebuilding targets in ‘difficult’ summer

Crest Nicholson has cut back its housebuilding and earnings targets as crunch talks with lenders drag on.  The London-listed builder now expects to build up to 1,400 homes this year, compared to earlier forecasts of as many as 1,500. It expects to make an earnings loss of £10m, having previously guided to a profit of [...]

Major housebuilder blames "subdued" property market for poor results

Crest Nicholson is currently forecasting a loss this year after previously saying it would make a profit.