Crest Nicholson Shares Tumble on Weak Guidance as Sales Stall
NegativeFinancial Markets

- Crest Nicholson Holdings Plc shares fell sharply after the company indicated that its pretax profit would be at the lower end of its guidance, reflecting stalled sales as home buyers remain cautious. This marks the most significant drop in 16 months for the UK housebuilder.
- This development is concerning for Crest Nicholson as it suggests a lack of confidence in the housing market, potentially impacting future sales and profitability. The hesitation among buyers could indicate broader economic challenges, which may affect the company's performance in the upcoming quarters.
— via World Pulse Now AI Editorial System







