Mark Kleinman: Water sector’s goodwill will evaporate under Labour Must-read column Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his fortnightly City A.M. column. This week he writes about the new government’s plans for water firms, housebuilders and Schroders The moment has arrived. By the time City AM readers set eyes on today’s newspaper, Ofwat, the water [...]
Crest Nicholson set to accept £720m Bellway bid as housebuilders eye tie-up Crest Crest Nicholson is set unanimously to recommend a revised all-share offer from rival FTSE 250 housebuilder Bellway that values the firm at £720m.
Crest Nicholson rejects approach from Elliott-backed Avant Crest The board of Crest Nicholson has rejected an approach from the Elliott-backed Avant Homes, saying it was "not currently minded to engage" in negotiations with the firm.
Crest Nicholson and Bellway tie-up shows ‘logic’ say investors June 17, 2024 Housebuilders are consolidating to expand their land banks ahead of a potential market upturn, expected once higher interest rates stabilise.
Crest Nicholson: Bellway’s bid ‘significantly undervalued’ housebuilder June 14, 2024 Bellway yesterday went public with the news it had tabled a bid on 7th May for its smaller rival in the latest of a flurry of consolidation efforts
Crest Nicholson: House builder’s profit craters 71 per cent ahead of new chief’s arrival June 13, 2024 House builder Crest Nicholson said operating profit slid in the first half of the year as the firm continues to be bruised by challenges in the property sector.
Crest Nicholson shares drop as housebuilder says it will build 11 per cent fewer homes March 19, 2024 Crest Nicholson has identified defects in construction on four sites completed before 2019, estimated to cost around £15m.
Crest Nicholson’s profit slumps over high-cost ‘legacy sites’ as potential £13m legal bill looms January 23, 2024 Crest Nicholson reported a slump in profits for 2023 amid runaway costs and has prepared for a possible legal bill of £13m over a 2021 fire, after the FTSE 100 housebuilder issued a profit warning last week.
Crest Nicholson: Housebuilder issues profit warning over runaway costs and readies for legal bill over 2021 fire January 15, 2024 Crest Nicholson has lowered its profit guidance for the year due to issues at its Brightwells Yard regeneration scheme in Farnham.
FTSE 100 close: London indexes close lower over fears of further rate hikes and fragile housing market June 8, 2023 London’s main indexes closed lower on Thursday as investors feared further rate hikes and yet another report pointed to a gloomy future for the UKs’ housing market. The capital’s premier index fell 0.32 per cent to 7,599.74 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK [...]