banking waiver

64 days ago

Housebuilder Crest Nicholson –trading collapses in 27 days, needs bank covenants waived

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…

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