Is this the canary in the coalmine for the housebuilding sector? On 25 March Crest Nicholson (CRST) reiterated that it was on track to meet forecasts outlined on annual results day in January. Today, less than a month later there is a catastrophic warning. On track for good profits and another year of dividends to losses and begging the banks for survival in just 27 days…
on Tom Winnifrith | Comments