Crest Nicholson says Brexit will slash profits

By Dave Rogers2018-10-17T12:27:00

Housebuilder says political and economic uncertainties shredding buyers’ confidence

Crest Nicholson has said profits for the year will be off by a much as 17% as the housebuilder said the firm’s bottom line had been hit by flatlining sales in London and the South-east.

The firm said pre-tax profit in the year to October 2018 would now be in the range of £170m to £190m – down from the £205m it said back in June when it unveiled its interim figures.

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