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United Kingdom

Crest Nicholson Holdings PLC (CRST.L)

CRST.L on London Stock Exchange

351.20GBp
22 Mar 2019
Change (% chg)

-3.00 (-0.85%)
Prev Close
354.20
Open
361.40
Day's High
362.40
Day's Low
349.60
Volume
823,338
Avg. Vol
904,796
52-wk High
512.00
52-wk Low
274.52

Latest Key Developments (Source: Significant Developments)

Crest Nicholson Names Duncan Cooper As Group Finance Director
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - Crest Nicholson Holdings PLC ::APPOINTMENT OF DUNCAN COOPER TO POSITION OF GROUP FINANCE DIRECTOR.DUNCAN COOPER WILL REPLACE ROBERT ALLEN WHO LEFT BUSINESS IN OCTOBER 2018.  Full Article

Crest Nicholson Sees "Difficult" First-Half As Profit Falls
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - Crest Nicholson Holdings PLC ::FY PRETAX PROFIT FELL 15 PERCENT TO 176.4 MILLION STG.FY REVENUE 1.136 BILLION STG.FY STATUTORY REVENUE OF £1,136.1 MILLION VERSUS £1,043.2 MILLION IN 2017.FY PRE-TAX PROFIT DOWN 15% TO £176.4 MILLION.TOTAL DIVIDEND MAINTAINED AT 33.0 PENCE.CREST NICHOLSON HOLDINGS-FACED CHALLENGES IN LONDON WITH SALES AT HIGHER PRICE POINTS WHERE POLITICAL, ECONOMIC UNCERTAINTY ADVERSELY IMPACTED DEMAND.CREST NICHOLSON HOLDINGS - POLITICAL AND ECONOMIC UNCERTAINTY ADVERSELY IMPACTED CUSTOMER DEMAND AND IS LIKELY TO CONTINUE PENDING BREXIT RESOLUTION.HAVE IMPLEMENTED PLANS TO MITIGATE MARGIN PRESSURE, WHICH WILL TAKE EFFECT PROGRESSIVELY OVER NEXT FEW YEARS.CREST NICHOLSON - FORWARD SALES ARE STRONG, BOOSTED BY CO'S STRATEGIC PARTNERSHIPS AND NEW CHANNELS TO MARKET.CREST NICHOLSON - PRICING IS STABLE, BUILD COST INFLATION HAS MODERATED AND CO HAS IMPLEMENTED PLANS TO MITIGATE MARGIN PRESSURE.CREST NICHOLSON - FACED CHALLENGES IN LONDON, WITH SALES AT HIGHER PRICE POINTS WHERE POLITICAL & ECONOMIC UNCERTAINTY ADVERSELY IMPACTED DEMAND.CREST NICHOLSON - BEEN A CHALLENGING YEAR IN DIFFICULT MARKET, WITH BREXIT AND POLITICAL UNCERTAINTY IMPACTING CONSUMER CONFIDENCE.CREST NICHOLSON HOLDINGS - SECOND-HAND MARKET HAS SLOWED, AND HIGH COST OF STAMP DUTY IS WEIGHING ON MANY HOME BUYERS' DECISIONS TO MOVE.IN CONTEXT OF AN UNRESOLVED BREXIT, EXPECT FIRST HALF OF 2019 TO BE DIFFICULT.  Full Article

Woodford Investment Management Raises Stake To 15.08 Pct In Crest Nicholson
Thursday, 18 Oct 2018 

Oct 18 (Reuters) - Crest Nicholson Holdings PLC ::WOODFORD INVESTMENT MANAGEMENT RAISES STAKE TO 15.08 PERCENT FROM 14 PERCENT IN CREST NICHOLSON HOLDINGS PLC - FILING.  Full Article

Crest Nicholson Holdings Sees FY Growth In Reported Revenues To Be Over 15 Pct
Wednesday, 16 May 2018 

May 16 (Reuters) - Crest Nicholson Holdings PLC ::FORWARD SALES FOR 2018 YEAR INCLUDING YEAR TO DATE COMPLETIONS ARE 11% AHEAD OF SAME PERIOD LAST YEAR.GENERALLY FLAT PRICING AGAINST A BACKDROP OF CONTINUING BUILD COST INFLATION AT 3-4% WILL MEAN THAT OPERATING MARGINS FOR FY EXPECTED TO BE AROUND 18%.ANTICIPATE GROWTH IN REPORTED REVENUES FOR YEAR TO BE OVER 15%.OPEN-MARKET AVERAGE SELLING PRICES (ASP) HAVE INCREASED BY 5.0% TO £439K FOR SIX MONTHS ENDED 30 APRIL 2018.SALES OUTLETS CONTINUE TO GROW STEADILY AND FOR FIRST HALF OF 2018, AVERAGED 52, A 6% INCREASE ON 49 OUTLETS IN OPERATION AT 30 TH APRIL 2017.SALES AT HIGHER PRICE POINTS WILL CONTINUE TO BE IMPACTED BY SLOW SECOND-HAND MARKET AND LIKELY TO RESTRAIN OVERALL PRICE GROWTH IN NEAR TERM.BOARD REMAINS CONFIDENT THAT BUSINESS IS WELL POSITIONED TO CONTINUE TO DELIVER A STRONG OPERATIONAL AND FINANCIAL PERFORMANCE IN MEDIUM TERM.BUSINESS CONTINUES TO INCREASE NUMBER OF HOMES BUILT AND CARRIES POSITIVE MOMENTUM INTO SECOND HALF OF 2018.FLAT PRICING HAS HAD A NEGATIVE IMPACT ON MARGINS.UNIT COMPLETIONS FOR SIX MONTHS ENDED 30 APRIL 2018 1,251 VERSUS 1,064.  Full Article

U And I Group Says Sale Of Machine Store To Crest Nicholson
Wednesday, 21 Mar 2018 

March 21 (Reuters) - U AND I GROUP PLC ::ANNOUNCES SALE OF MACHINE STORE AT OLD VINYL FACTORY DEVELOPMENT TO CREST NICHOLSON, REALISING GAINS OF £2.0M IN FY18.  Full Article

Crest Nicholson Says ‍Patrick Bergin Promoted To CEO
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Crest Nicholson Holdings Plc ::‍PATRICK BERGIN PROMOTED TO CHIEF EXECUTIVE OFFICER WITH EFFECT FROM 22 MARCH 2018​.‍STEPHEN STONE TO BECOME EXECUTIVE CHAIRMAN WITH EFFECT FROM 22 MARCH 2018​.‍WILLIAM RUCKER, CHAIRMAN WILL NOT STAND FOR RE-ELECTION AS NON-EXECUTIVE CHAIRMAN LEAVING BOARD AT COMPANY'S AGM​.‍LESLIE VAN DE WALLE APPOINTED DEPUTY CHAIRMAN AND SENIOR INDEPENDENT DIRECTOR OF COMPANY WITH IMMEDIATE EFFECT​.  Full Article

Crest Nicholson Says ‍Targeting To Deliver 1.4 Bln Sstg Sales By 2019​
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Crest Nicholson Holdings Plc ::FY PRETAX PROFIT ROSE 6 PERCENT TO 207 MILLION STG.FY SALES ROSE 7 PERCENT TO 1.066 BILLION STG.FINAL DIVIDEND 21.8 PENCEPER SHARE.‍FY PRE-TAX PROFIT UP 6% TO £207.0M (2016: £195.0M)​.‍TARGETING TO DELIVER £1.4BN SALES BY 2019​.‍FY VOLUMES UP 2% AT 2,935 HOMES​.  Full Article

Crest Nicholson Holdings sees FY growth in reported sales about 6-7 pct
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - CREST NICHOLSON HOLDINGS PLC ::‍OVERALL HOUSING UNIT COMPLETIONS IN 2017 WERE UP BY 2.3% AT 2,935 HOMES.​.FY OPEN-MARKET AVERAGE SELLING PRICES HAVE INCREASED BY 5.4% TO £391K​.‍ANTICIPATE GROWTH IN REVENUES ACROSS ALL TENURES AND REPORTED SALES FOR YEAR TO BE C. 6-7% HIGHER THAN FY2016​.‍AVERAGE NUMBER OF SALES OUTLETS ACROSS YEAR WAS 51, AN INCREASE OF 8.5% OVER 47 ACHIEVED IN 2016.​.‍AT END OF OCTOBER 2017, TOTAL FORWARD SALES OF £391.4M ARE 13.6% HIGHER THAN LAST YEAR (£344.5M)​.‍OCTOBER 2017 OUTLETS TOTALLED 55, INCREASING 12.2%​.‍HOUSING MARKET IS GENERALLY ROBUST ACROSS GROUP'S PRINCIPAL OPERATING AREAS AND SALES PRICES CONTINUE TO SHOW MODERATE GROWTH ​.‍CENTRAL LONDON TRANSACTIONS ARE SUFFERING FROM SOME VOLUME AND PRICE WEAKNESS.​.SAYS "THERE MAY BE SOME IMPACT FROM CURRENT ECONOMIC AND POLITICAL UNCERTAINTY".‍REMAINS WELL POSITIONED TO GROW VOLUMES AND DELIVER HOMES THAT UK NEEDS WHILE MEETING TARGET OF £1.4BN SALES IN 2019​."HIGH LEVELS OF EMPLOYMENT, LOW INTEREST RATES, GOOD MORTGAGE ACCESS, HELP TO BUY SCHEME UNDERPIN DEMAND FOR NEW-BUILD HOUSING".CONTINUES TO DEVELOP ITS OFF-SITE MANUFACTURING INITIATIVE AND THERE ARE PLANS TO BUILD UPON THIS YEAR'S INITIAL TRIALS IN 2018​.  Full Article

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