By David Parsley2023-06-08T09:21:00
Housebuilding giant Crest Nicholson has warned of further slowdown in the housing market as it posted a more than 60% slump in half-year profit, as higher mortgage rates and broader economic worries dampened demand from buyers.
The FTSE 250 company’s adjusted pre-tax profit slumped to £20.9m for the six months to the end of April, down from £52.5m a year earlier.
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