By David Parsley2018-10-17T07:58:00
Housebuilder Crest Nicholson has warned profits will be lower than expected because buyers have been put off by “political and economic uncertainties” as Brexit approaches.
The group now expects pre-tax profits of between £170m and £190m for the year to 31 October, below market expectations of £205m. Shares fell by as much as 14% in early trading, but recovered soon after and were down around 3.5% at 9am.
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