- News
- Comment
- In Focus
- A fair deal for housing
- Programmes
- Boardroom
- CPD
- Jobs
- Events
2023 events calendar
Explore nowBuilding Awards 2022
Keep up to date
- Product Search
- Subscribe
Trusted media brand of the Chartered Institute of Housing
Trusted media brand of the Chartered Institute of Housing
Housebuilder announces cost-cutting measures “in response to market conditions”
Crest Nicholson has lowered its annual profit forecast for the second time in the space of a few months due to the “continued weakness” in the housing market.
The £780million-turnover housebuilder in a trading update today said it now expects its adjusted pre-tax profit for the year to 31 October to be “in the range of £45m to £50m”. This follows a previously lowering of its forecast in August from £73.7m to £50m.
Already registered? Login here
Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:
It takes less than one minute….
… or subscribe for full access - Subscribe now