Crest Nicholson lowers profit guidance as inflation, interest rates bite
21st Aug 2023 07:02
(Sharecast News) - UK home builder Crest Nicholson lowered annual profit forecasts after a worsening of the housing market amid rising inflation and interest rates.
Read moreTravis Perkins CFO Williams to retire
11th Jul 2023 07:58
(Sharecast News) - Travis Perkins said on Tuesday that chief financial officer Alan Williams will be retiring and stepping down from the board in 2024, after seven years in the role.
Read moreUBS ups ratings on Crest Nicholson, Persimmon and Vistry
12th Jun 2023 12:22
(Sharecast News) - UBS has upgraded Crest Nicholson, Persimmon and Vistry Group in its latest review of UK housebuilders.
Read moreHigher interest rates weigh on UK housing market - RICS
8th Jun 2023 10:29
(Sharecast News) - The UK housing market saw a modest recovery in May, a closely-watched survey showed on Thursday, although rising interest rates and stubborn inflation continued to weigh heavily.
Read moreCrest Nicholson warns on impact of higher rates as profits slump 60%
8th Jun 2023 07:19
(Sharecast News) - Shares in house builder Crest Nicholson slumped as the company warned that more interest rate rises would hit the property market, after it posted a slump in half-year profits.
Read moreBerenberg more positive on UK homebuilders, upgrades Crest Nicholson and Redrow
12th May 2023 08:17
(Sharecast News) - Analysts at Berenberg turned more positive on UK homebuilders, not least because the worst-case scenarios for house price deflation had been averted.
Read moreFTSE 250 movers: Mitie and Crest Nicholson swim against the tide
18th Apr 2023 16:37
(Sharecast News) - Liontrust Asset Management was near the bottom of the pile in a flattish day for the second-tier index.
Read moreJPMorgan remains 'cautious' of UK housebuilders
18th Apr 2023 09:23
(Sharecast News) - Analysts at JPMorgan said on Tuesday that they were still "cautious" of the UK housebuilding sector despite it outperforming the market year-to-date.
Read moreSales pick up at Crest Nicholson
23rd Mar 2023 07:42
(Sharecast News) - Crest Nicholson reported improving sales on Thursday, as consumer confidence in the housing market started to return.
Read moreUBS downgrades Crest Nicholson to 'sell'
20th Jan 2023 10:59
(Sharecast News) - UBS downgraded housebuilder Crest Nicholson on Friday to 'sell' from 'neutral' as it pointed to unfavourable risk/reward.
Read moreCrest Nicholson FY profits meet guidance
17th Jan 2023 07:13
(Sharecast News) - Housebuilder Crest Nicholson said on Tuesday that full-year adjusted pre-tax profit was in line with its guidance as revenues and home completions rose despite a "more challenging" operating environment.
Read moreJPMorgan downgrades Taylor Wimpey, Redrow
14th Dec 2022 10:30
(Sharecast News) - JPMorgan Cazenove downgraded Taylor Wimpey and Redrow on Wednesday as it took a look at housebuilders.
Read moreBerenberg remains 'cautious' on UK housebuilders
25th Nov 2022 07:22
(Sharecast News) - Analysts at Berenberg took a fresh look at a number of UK housebuilders on Friday, reiterating its 'cautious view' on the sector.
Read moreCrest Nicholson defers opening of third division on economic worries
17th Nov 2022 07:42
(Sharecast News) - UK house builder Crest Nicholson said it was deferring the opening of a third business division due to economic uncertainty, but added that that annual earnings would be within guidance.
Read moreJefferies slashes targets for UK housebuilders to reflect downturn scenarios
25th Oct 2022 11:03
(Sharecast News) - Analysts at Jefferies took an axe to their target prices for several of the UK's largest homebuilders, telling clients that bottom fishing in the sector might prove premature as industry data had yet to reveal the full extent of the recent financial and political turmoil.
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