Shares in housebuilder Crest Nicholson slid by as much as 12% this morning, wiping more than £60 million off its market cap, as it warned of “build defects” on its London homes.
Crest said the defects - at four sites within its regeneration and London arms, which closed in 2019 - will be fixed over the next three years, at a cost of £15 million. It has appointed consultants “to provide greater assurance” on those costs.
