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The Latest Breaking News from Crest Nicholson

Crest Nicholson swings to loss after ‘disappointing’ year

The housebuilder tumbled to a £143.7 million pre-tax loss for the year to October 31 against profits of £23.1 million the previous year.

Evening Standard

Crest Nicholson to build fewer low-margin homes after profit hit

The housebuilder warned on earnings after a higher proportion of the homes it built this year were classed as affordable.

Evening Standard

Crest Nicholson sits crestfallen as Bellway suddenly walks away

Damage to the smaller housebuilder’s reputation will take time to heal but a takeover deal isn’t a deal until it’s signed

The Guardian - UK

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Bellway walks away from £720m Crest Nicholson takeover bid

UK housebuilder said it did not intend to make a firm offer for its smaller rival after months of negotiations

The Guardian - UK

Housebuilder says UK consumer confidence has returned amid cheaper mortgage rates

Bellway also cites easing of inflation as factor in company exceeding construction target for past year

The Guardian - UK

Crest Nicholson board: Bellway offer 'significantly undervalues' business

Crest shares jumped today after the bid was revealled

Evening Standard

FTSE 100 Live 14 June: Tesco sales boost ahead of AGM, Crest Nicholson updates on Bellway bid

Tesco shareholders are today having their say on the £9.9 million pay package awarded to boss Ken Murphy.

Evening Standard

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Crest Nicholson shares plunge amid latest warning for housebuilders

The business made a loss in the first half and warned of weak demand for the months ahead

Evening Standard

FTSE 100 Live 13 June: Crest Nicholson and Wise shares slide after results, index lower

Crest Nicholson and the fintech Wise are in the City spotlight following results-day punishment for their shares.

Evening Standard

Housebuilder Crest Nicholson’s shares plunge as ‘defects’ found in London homes

The firm put aside £15 million to fix the problems at its since-closed London and regeneration arms, but the City fears the real cost will be much higher

Evening Standard

Crest Nicholson chief executive to step down as profits dive by 70%

Persimmon’s Martyn Clark to replace Peter Truscott after he retires later this year

The Guardian - UK

UK housebuilder Crest Nicholson warns on profits, raising takeover speculation

Surrey-based construction company has been hit by rising costs and impact of high interest rates

The Guardian - UK

UK housebuilders’ shares fall amid fastest drop in asking prices in five years

Crest Nicholson forecasts lower profits after number of first-time buyers plunges

The Guardian - UK

FTSE 100 Live: Index extends losing streak into seventh day as rally fades, but avoids year-low close

Blue-chip housebuilding stocks are under more selling pressure after FTSE 250-listed Crest Nicholson issued a profit warning today.

Evening Standard

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The Guardian - UK

Homebuilder shares tumble as UK housing market weakens – as it happened

A profit warning from housebuilder Crest Nicholson compounded fears of a housing market slowdown, as Rightmove data revealed a further drop in asking prices

Evening Standard

Housebuilder Crest Nicholson warns on profits as mortgage rates soar for first-time buyers

Having previously expected a profit of £73.7 million in June, the group now projects profits to come to just £50 million

The Guardian - UK

More interest hikes will further weaken housing market, says FTSE 250 builder

FTSE 250 housebuilder reports drop in sales as it urges government to provide support for first-time buyers

Evening Standard

Crest Nicholson sales tumble but boss predicts mortgage rate volatility may have reached its peak

The boss of housebuilder Crest Nicholson has predicted the recent mortgage rate volatility will calm and may have reached its peak, but he warned customer demand and confidence could cool if interest rates continue to rise.

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The Guardian - UK

Eurozone falls into recession; US jobless claims jump; storm clouds over UK housing – business live

Eurozone economy shrank by 0.1% in the final quarter of last year, and the first three months of 2023, putting it into technical recession

Evening Standard

Top UK home builder ‘failed to protect woman from predatory boss who raped her after Christmas party’

A manager at Crest Nicholson sexually assaulted woman at work Christmas party and raped another in hotel room, tribunal finds

Birmingham Post

More than 300 Somerset homes could be built near Taunton after land deal secured

Housebuilder Crest Nicholson has bought the site in the village of Norton Fitzwarren

Birmingham Post

Crest Nicholson appoints new managing director for South West as it targets growth

The housebuilder is planning to expand its portfolio of developments across the region

Bristol Post

Bristol leaseholders say 'potentially dangerous' cladding delay has left them 'stuck'

"All the time this goes on we're stuck, paying huge insurance premiums, and we can't move"

The Guardian - UK

Demand for new UK homes still outstrips supply, say building firms

Bellway and Crest Nicholson report strong sales despite impact of cost inflation

Evening Standard

House builders Redrow and MJ Gleeson join rivals in backing Gove’s cladding plans

The Government has won its battle to get developers to pay to fix cladding on three decades worth of buildings.

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