Crest Nicholson

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Market Cap:
£909.5 m
52 weeks high
52 weeks low

Viewing results 1-25 of 39


Housebuilders' pay big yields but do they offer value any more?

“Given the attractive yields on offer, the question of sustainability becomes more hazy the further out you look”...

on 07/11/2019
Retail & consumer

Crest Nicholson profits fall but shares gain as it maintains guidance

Following a slowdown in London and the south-east, the housebuilder has been focusing more on partnerships and joint ventures...

on 06/11/2019

Intu turns to former Crest Nicholson man to fill CFO role

Robert Allen left Crest Nicholson last year when the housebuilder issued a profit warning. ...

on 06/04/2019
Retail & consumer

Crest Nicholson maintains full-year guidance after 'resilient' first-half

“Improved forward sales in residential, commercial and land, and increased outlet breadth, provide a good platform as we enter into the second half of 2019," said chief executive Chris Tinker....

on 05/15/2019
Industry & services

Stobart names Speedy Hire's David Shearer as new chairman

The former accountant previously chaired infrastructure specialist Mouchel Group and builder Crest Nicholson...

on 05/15/2019

Galliford Try shares crumble on huge profit warning

The housebuilder is writing down the value of some of its big construction contracts, including the Queensferry Crossing, which has run well over budget...

on 04/16/2019

Absence of provisions makes Bellway stand out from rival UK housebuliders

Many UK housebuilders have had to put aside money to tackle issues such as poorly built homes and Grenfell Tower-style cladding ...

on 03/27/2019

Persimmon and Barratt Developments among those flying higher after a triple dose of good news for the builders

A raft of broker upgrades, some Brexit cheer and the strong performance of one of the sector's minor players helped boost sentiment ...

on 03/26/2019

Crest Nicholson surges as it nabs Galliford Try's chief executive officer

The managerial merry-go-round does another circuit. Expect a bit of comment in the press about directors' remuneration. ...

on 03/26/2019
Retail & consumer

Crest Nicholson drops as JPMorgan Cazenove cuts its target price in sector review, noting near 20% rise in year-to-date

The US bank has reduced its target for the FTSE 250-listed firm to 400p from 440p, albeit with the stock currently trading at 354.20p, down 8.9% on Wednesday’s close...

on 03/21/2019
Retail & consumer

Crest Nicolson appoints Sainsbury executive as new group finance director

Duncan Cooper, the director of group finance at Sainsbury’s, will replace Robert Allen, who left the company in October 2018 following a profit warning...

on 02/26/2019
Retail & consumer

Barratt and Bovis knocked to ‘Hold’ by Liberum on valuation grounds, says no-deal Brexit discounting “no longer the case”

In a note on UK housebuilders, analysts said the shares had risen around 20% from lows in December, and now the risk/reward had become “less favourable”...

on 02/11/2019

Crest Nicholson still struggling in London but says build cost inflation has moderated

Management has changed tack. It will now shift its focus from growth towards greater cash generation, with a strong emphasis on partnering to deliver more homes...

on 01/29/2019
Retail & consumer

Crest Nicholson weak as Redburn downgrades in otherwise positive UK housebuilding review

Redburn’s analysts said: “Popular commentary continues to paint the UK housing market as weak, but we view activity as remarkably resilient considering Brexit uncertainties"...

on 01/24/2019

Countryside Properties weak as JPMorgan cuts to ‘underweight’ on valuation grounds in upbeat housebuilders review

The US bank adjusted target prices for a number of other sector players, cutting those for Taylor Wimpey, Crest Nicholson PLC, and Bovis Homes, but raising the target for Redrow...

on 01/14/2019

Canaccord sees housebuilding sector bouncing back after tough 2018

The broker said with the housebuilding sector pricing in significant risk after a challenging 2018, it now presents an attractive potential value opportunity...

on 12/14/2018
Retail & consumer

Peel Hunt thinks Brexit uncertainty will stop house prices from rising in 2019

The City broker has slashed price targets for almost every UK housebuilder, while it has also downgraded a handful of companies in the sector...

on 12/10/2018
Retail & consumer

Liberum upgrades three housebuilders to 'Buy' as it sees upside from smooth Brexit outweigh no-deal risks

In a note to clients, the broker upgraded Barratt, Bovis Homes, and Crest Nicholson to ‘Buy’ from ‘Hold’ off what it said was an upside of “at least 20%” if a smooth Brexit materialised...

on 12/06/2018
Retail & consumer

Crest Nicholson CFO steps down as tough London housing market hits profits

In an effort to address its weak performance, Crest Nicholson announced a new strategy that includes cutting costs, slowing down build rates and reducing land expenditure...

on 10/17/2018

Derwent London reports higher rental incomes as London's office rental market remains robust despite Brexit worries

The FTSE 250 real estate group reported net rental income in the first half had risen 1.6% to £80.6mln, however pre-tax profit for the period was down to £134mln from £145.8mln...

on 08/09/2018

House-builders have fallen into buying range

Berenberg has initiated coverage on 11 house-builders and not one of them is a 'sell' in its book...

on 07/25/2018
Retail & consumer

Now the roof has fallen in a bit, is it time to buy house-builders?

After years of riding the gravy train, investors have turned their backs on house-builders this year. They have lots of reasons to do so but have they now become cheap from a historical perspective?...

on 07/11/2018
Industry & services

Carclo shares jump after rejecting a 116p a share takeover approach from Consort Medical

In a statement, Consort - which makes drug delivery devices such as inhalers - said Carclo has also rejected subsequent requests from it for a meeting to discuss its proposal...

on 07/02/2018
Retail & consumer

Crest Nicholson’s recent sell-off has been “overdone”, says City analyst

Liberum’s Charlie Campbell has kicked off his coverage of the housebuilder with a ‘buy’ rating, claiming that margins are set to stabilise over the coming months...

on 06/21/2018
Retail & consumer

UK housebuilders feel the pinch as sector stagnation pressures margins

Despite a contrasting set of numbers today from Crest Nicholson and Bellway, there remains similarity regarding the housing markets’ slowdown and its effect on their balance sheets...

on 06/12/2018