Firm will complete fewer homes than expected in year to 31 October – between 1,350 and 1,400
The British housebuilder Crest Nicholson has warned of a surprise loss this year as it bemoaned difficult trading in a “subdued” property market.
In an unscheduled trading update, the company said it would complete fewer homes than expected in the year to 31 October – between 1,350 and 1,400, down from its previous estimate of 1,400 to 1,500.
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This article was originally published by The Guardian and written by Julia Kollewe.
Read original article on The Guardian