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Evening Standard

Business

Daniel O'Boyle

Crest Nicholson shares plunge amid latest warning for housebuilders

Crest Crest Nicholson Peter Truscott

Fresh warning signs for the construction sector emerged today as housebuilder Crest Nicholson’s shares plunged amid a loss for the first half of the year and a profit warning for the months ahead.

The FTSE 250 firm made a £30.9 million loss in the six months to 30 April, as revenue fell by 9%. Completions fell by 12% to 794.

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One subscription that gives you access to news from hundreds of sites

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