UK homebuilder Crest Nicholson has issued a profit warning following a significant slump in its HY earnings. The company has reported a loss amid ongoing challenges in the UK housing market. The delay in interest rate cuts has further impacted demand, contributing to the financial difficulties faced by the firm. Consequently, Crest Nicholson's shares have experienced a sharp plunge.
Crest Nicholson shares plunge amid latest warning for housebuilders https://t.co/tOFnOfon3o
Housebuilder issues profit warning as interest rate cut delay hits UK demand Read more🔗 https://t.co/Ldmc2ZBBBr
UK homebuilder Crest Nicholson warns on profit after HY earnings slump https://t.co/LIMcBuSEd8 https://t.co/60npdiIxEK
Crest Nicholson slides into loss amid UK housing market woes https://t.co/fyeHQvr5KE
UK's Crest Nicholson warns on profit after HY earnings slump https://t.co/UFvcyYwvzA https://t.co/VqWso2yuUx
UK's Crest Nicholson issues profit warning after interim earnings slump https://t.co/xDfA3IXRhq https://t.co/YTkfdV4QYW