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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 Government’s ...

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 work needed ...

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 price ...

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 sites ...

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 on ...

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

Crest Nicholson attracts fresh bidding interest after shrugging off Bellway

City

Crest Nicholson attracts fresh takeover interest after shrugging off Bellway

Crest Nicholson has attracted fresh bidding interest after rejecting a possible offer from rival housebuilder Bellway, as the housing sector was boosted by a Labour election victory. The Surrey-based company said it had ...

05 Jul 2024 at 16:27

City

Crest Nicholson pauses expansion amid economic uncertainty

Housebuilder Crest Nicholson has put its expansion plans on hold as it was hit by a slowing economy. The business said plans announced last year to expand into three new regions in the UK would be in part shelved for ...

17 Nov 2022 at 12:44

City

Crest Nicholson facing extra cladding bill up to £120m after fire safety pledge

Housebuilder Crest Nicholson has revealed another hit of up to £120 million after pledging to carry out further fire safety works on tall buildings in the wake of the Grenfell Tower tragedy. The group said it is ...

05 Apr 2022 at 09:25

City

Crest Nicholson set to deliver fewer homes and warns over build defect impact

Crest Nicholson has warned it may build 11% fewer houses this financial year and revealed a hit of up to £15 million from defects on past developments. The building giant said it expects to deliver 1,800 to 2,...

19 Mar 2024 at 09:01

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