Crest Nicholson says 2020 profit to beat expectations

By Joey Gardiner2020-11-03T11:31:00

Share price jumps as South-east housebuilder benefits from strong market and delivery of turnaround plan

Shares in housebuilder Crest Nicholson jumped 20% today after it reported that profit for the year will be higher than expected.

The housebuilder said its results had been buoyed both by a strong housing market since the end of the first lockdown, and the successful implementation of its turnaround strategy announced in January.

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