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Crest Nicholson Now Sees Full Year Loss Due to UK Housing Slump

Source: Bloomberg

Housing & Real EstateCorporate Guidance & OutlookEconomic DataCompany Fundamentals

Crest Nicholson reversed guidance, switching from a modest profit to expecting a loss for this year, citing a subdued housing market and weak pricing. The update signals material deterioration in near-term earnings momentum driven by softer demand and pricing power.

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