All the updated news related to crest nicholson

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City

Cladding works set to cost housebuilder Redrow £200m

Housebuilder Redrow has set aside a further £164 million after vowing to carry out more first safety works in the wake of the Grenfell Tragedy. It will take the cost of the firm’s fire safety provisions to £200 million. Redrow has become one of the ...

06 Apr 2022 at 09:25

City

Crest and Taylor Wimpey reveal hefty bills for cladding works after new pledge

Housebuilders Crest Nicholson and Taylor Wimpey have revealed further hefty bills after vowing to carry out more fire safety works on tall buildings in the wake of the Grenfell Tower tragedy. The firms are among those to sign up to the ...

05 Apr 2022 at 17:25

City

Crest Nicholson swings to profit, but sees cladding bill rise

Housebuilder Crest Nicholson has revealed another £29 million bill for high-rise cladding and fire safety measures as it swung to a full-year profit. The group said the charge follows its latest assessment of potential building safety ...

19 Jan 2022 at 10:27

City

Housebuilders sales grow as surging prices offset higher costs

Housebuilders Bellway and Crest Nicholson have shrugged off concerns over a slowdown in the housing market as they told shareholders that demand is continuing to outpace supply. The two property giants saw shares improve as they said ...

14 Jun 2022 at 11:50

City

Crest Nicholson shows slowdown in housing sales

More signs of a slowdown in the housing market have been visible at Crest Nicholson sites across the country in recent months as high mortgage rates put pressure on new buyers. Crest said the number of homes it sold at each of its ...

17 Jan 2023 at 09:49

City

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

Housebuilder Crest Nicholson is to focus less on building low-margin homes, like affordable housing, as it seeks to combat a slump in profits. The housebuilder said it is trying to “trade out” of lower margin sites, after warning ...

20 Nov 2024 at 12:33

City

Berkeley Group expected to post falling profit amid housing market woes

Berkeley Group is predicted to post a nearly one-tenth fall in pre-tax profit, as housebuilders continue to struggle with poor demand. The London-listed firm will update investors with its full-year results on Wednesday. Despite ...

14 Jun 2024 at 13:33

City

Crest Nicholson slashes profit forecast again as costs mount

Crest Nicholson has lowered its profit expectations again after warning it is facing mounting costs over a long-delayed housing project in Surrey. The housebuilder also said it is expecting a legal bill for a fire at one of its ...

15 Jan 2024 at 08:18

City

Economic uncertainty is deterring buyers, says housebuilder Crest Nicholson

A summer slowdown in the housing market forced Crest Nicholson to downgrade its profit outlook for the year as buyers are put off by the tough economic climate. The housebuilder said that it had faced bad conditions, which got ...

21 Aug 2023 at 14:34

City

Boss announces retirement as Crest Nicholson profit falls

The boss of housebuilder Crest Nicholson has announced his departure as the company posted a largely expected major reduction in its profits. Crest said that its adjusted pre-tax profit was £41.4 million in the year to the ...

23 Jan 2024 at 09:19

City

Crest signals job cuts could be on the horizon as housing market slows

Housebuilder Crest Nicholson has signalled it could start cutting jobs soon as a slowdown in the construction sector hit its business. The company said that it would “align headcount” in its divisions to their “expected ...

16 Nov 2023 at 12:07

City

Bellway abandons £720m takeover deal for rival Crest Nicholson

Bellway has walked away from a potential takeover of rival housebuilder Crest Nicholson. Last month, FTSE 250 firm Bellway put forward a £720 million takeover approach to buy its competitor after two previous proposals ...

13 Aug 2024 at 13:34

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