Crest Nicholson's Robust Update to Please Market -- Market Talk

Dow Jones03-25 16:49

0849 GMT - Crest Nicholson's business update is robust as it reported a sustained improvement in sales rates since the middle of January, RBC Capital Markets analysts Anthony Codling and Oliver Dyson say in a note. The house builder also reiterated guidance of open market sales units of 1,100 to 1,200, with total sales including bulk deals of 1,550 to 1,625 units. This compares with Visible Alpha consensus of 1,641 units, the analysts say. Adjusted pretax profit is expected in a 32 million to 40 million pounds range, which is 2.8% above consensus, they say. "Following a period of sustained weakness in the share price, we expect the share price to react positively to [Wednesday's] news," the analysts say. Shares are up 13% at 1.13 pounds. (anthony.orunagoriainoff@dowjones.com)

(END) Dow Jones Newswires

March 25, 2026 04:49 ET (08:49 GMT)

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