Crest Nicholson falls 35% after cutting guidance

Shares in housebuilder Crest Nicholson (CRST) collapsed 35% after the firm lowered its outlook for FY26 revenue and earnings. Today’s update comes less than a month after the company issued positive guidance at its AGM on 25 March. The firm blamed soft land prices, cost pressures, high interest rates and weak consumer confidence due to … Continue reading Crest Nicholson falls 35% after cutting guidance