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Crest Nicholson Holdings PLC (CRST.L)

CRST.L on London Stock Exchange

343.80GBp
2:46pm BST
Change (% chg)

3.20 (+0.94%)
Prev Close
340.60
Open
345.00
Day's High
348.00
Day's Low
341.60
Volume
179,293
Avg. Vol
605,109
52-wk High
410.94
52-wk Low
274.52

Latest Key Developments (Source: Significant Developments)

St. James's Place Cuts Stake To 2.6% From 4.9% In Crest Nicholson As Of July 15 - Filing
Tuesday, 16 Jul 2019 

July 16 (Reuters) - Crest Nicholson Holdings PLC ::ST. JAMES'S PLACE PLC GROUP OF COMPANIES CUTS STAKE TO 2.6% FROM 4.9% IN CREST NICHOLSON HOLDINGS PLC AS OF JULY 15 - FILING.  Full Article

Woodford Investment Management Cuts Stake To 9.83% From 10.01% In Crest Nicholson
Thursday, 13 Jun 2019 

June 13 (Reuters) - Crest Nicholson Holdings PLC ::WOODFORD INVESTMENT MANAGEMENT CUTS STAKE TO 9.83% FROM 10.01% IN CREST NICHOLSON HOLDINGS PLC - FILING.  Full Article

Woodford Investment Management Lowers Stake To 10.01% As Of June 5 Vs Prior Stake Of 15.08% In Crest Nicholson - Filing
Thursday, 6 Jun 2019 

June 6 (Reuters) - Crest Nicholson Holdings PLC ::WOODFORD INVESTMENT MANAGEMENT LOWERS STAKE TO 10.01% AS OF JUNE 5 VERSUS PRIOR STAKE OF 15.08% IN CREST NICHOLSON HOLDINGS - FILING.  Full Article

Intu Appoints Robert Allen As CFO
Tuesday, 4 Jun 2019 

June 4 (Reuters) - Intu Properties PLC ::INTU PROPERTIES PLC - CFO DIRECTOR APPOINTMENT.INTU PROPERTIES PLC - ROBERT ALLEN HAS BEEN APPOINTED AS INTU'S CHIEF FINANCIAL OFFICER WITH EFFECT FROM MONDAY, 10 JUNE 2019..INTU PROPERTIES PLC - ROBERT SERVED AS GROUP CHIEF FINANCIAL OFFICER OF CREST NICHOLSON PLC FOR TWO YEARS UNTIL 2018..  Full Article

Crest Nicholson FY Earnings Guidance Remains Unchanged
Wednesday, 15 May 2019 

May 15 (Reuters) - Crest Nicholson Holdings PLC ::CREST NICHOLSON HDGS - TRADING STATEMENT.CREST NICHOLSON - HY TOTAL SALES VALUE ACHIEVED TO DATE AND FORWARD SOLD FOR FY19 INCLUDING LAND AND COMMERCIAL OF £792M, UP 4.2% (HY18: £760M).CREST NICHOLSON HOLDINGS PLC - HY EARNINGS AND DIVIDEND GUIDANCE REMAIN UNCHANGED.CREST NICHOLSON - BUILD COST INFLATION DURING FY19 IS EXPECTED TO LIE WITHIN RANGE OF 3-4%. LOWER HALF-YEAR NET DEBT OF £68.2M (HY18: £78.5M).CREST NICHOLSON HOLDINGS PLC - HY OUR TOTAL RESIDENTIAL FORWARD SALES AT £500.5M ARE 11.0% AHEAD OF SAME PERIOD LAST YEAR (HY18: £450.8M*)..CREST NICHOLSON HOLDINGS PLC - NET DEBT AND LAND CREDITORS REDUCED BY £40.9M.CREST NICHOLSON HOLDINGS PLC - DEMAND OUTLOOK IN SHORT TERM REMAINS UNCERTAIN.CREST NICHOLSON HOLDINGS PLC - EARNINGS GUIDANCE AND OUTLOOK FOR FULL YEAR REMAINS UNCHANGED.  Full Article

Galliford Try's CEO Truscott Steps Down With Immediate Effect
Tuesday, 26 Mar 2019 

March 26 (Reuters) - Galliford Try PLC ::GALLIFORD TRY PLC - PETER TRUSCOTT HAS STEPPED DOWN AS CHIEF EXECUTIVE AND LEAVES BUSINESS WITH IMMEDIATE EFFECT..GALLIFORD TRY PLC - GRAHAM PROTHERO, CURRENTLY GROUP FINANCE DIRECTOR, WILL SUCCEED PETER AS CHIEF EXECUTIVE.GALLIFORD TRY PLC - ANDREW DUXBUR WILL SUCCEED GRAHAM AS GROUP FINANCE DIRECTOR.  Full Article

Crest Nicholson Poaches CEO From Galliford Try
Tuesday, 26 Mar 2019 

March 26 (Reuters) - Crest Nicholson Holdings PLC ::CREST NICHOLSON HOLDINGS PLC - PETER TRUSCOTT WILL JOIN BOARD OF CREST NICHOLSON AS CHIEF EXECUTIVE IN SUCCESSION TO PATRICK BERGIN..CREST NICHOLSON HOLDINGS PLC - PETER TRUSCOTT WILL JOIN BOARD OF CREST NICHOLSON AS CHIEF EXECUTIVE IN SUCCESSION TO PATRICK BERGIN.CREST NICHOLSON - TRUSCOTT WILL BECOME CHIEF EXECUTIVE OF CREST NICHOLSON FOLLOWING CESSATION OF HIS CONTRACT WITH GALLIFORD TRY PLC.CREST NICHOLSON - PATRICK BERGIN HAS AGREED TO STEP DOWN FROM GROUP CHIEF EXECUTIVE ROLE AND FROM BOARD AT AGM.CREST NICHOLSON - CHRIS TINKER WILL BECOME INTERIM CHIEF EXECUTIVE.  Full Article

Crest Nicholson Says FY Margin To Be Lower Than 18 Pct, CFO To Leave
Wednesday, 17 Oct 2018 

Oct 17 (Reuters) - Crest Nicholson Holdings PLC ::NOW EXPECTS THAT PROFIT BEFORE TAX FOR YEAR TO 31 OCTOBER 2018 TO BE IN RANGE OF £170M TO £190M.MARKET ENVIRONMENT FOR NEW HOMES IN LONDON AND AT HIGHER PRICE POINTS IN SOUTH OF ENGLAND MORE DIFFICULT THAN ANTICIPATED.ROBERT ALLEN, CFO, IS STEPPING DOWN FROM BOARD AND WILL LEAVE CO AFTER A SHORT HANDOVER PERIOD.BOARD ASKED EXECUTIVE CHAIRMAN STEPHEN STONE TO LEAD BUSINESS IN IMPLEMENTATION OF NEW STRATEGY, SUPPORTED BY CEO PATRICK BERGIN.SALES AT HIGHER PRICE POINTS HAVE SUFFERED FROM REDUCED TRANSACTION LEVELS IN SECOND-HAND MARKET IN H1.FY MARGIN NOW EXPECTED TO BE LOWER THAN PREVIOUS GUIDANCE OF 18%.USUAL AUTUMN PICK UP IN SALES VOLUMES HAS NOT BEEN EVIDENT DURING SEPTEMBER AND OCTOBER.MINDFUL OF UNCERTAIN MARKET ENVIRONMENT, NEW STRATEGY WILL FOCUS ON SHAREOLDER RETURNS BY PRIORITISING CASH FLOW, DIVIDENDS.COMMITTED TO PAY ORDINARY DIVIDEND OF 33P FOR 2018 AND, SUBJECT TO NO MATERIAL DETERIORATION IN CURRENT MARKET CONDITIONS, 2019.COMMITTED TO GENERATE A CASH RESERVE, ALLOCATE CASH RESERVE TO MAXIMISE SHAREHOLDER RETURNS.WHILE CO IS RECRUITING CFO REPLACEMENT, PATRICK BERGIN WILL TAKE ON RESPONSIBILITIES OF FINANCE FUNCTION.CO'S AMBITION IS TO MAINTAIN PROFITABILITY FOR 2019 AT FY18 LEVELS, DESPITE MARKET UNCERTAINTY.POSTPONED OPENING OF NEW SOUTH EAST DIVISION WHILST CURRENT MARKET UNCERTAINTIES CONTINUE.  Full Article

Crest Nicholson HY Profit Before Tax Falls 2 Pct
Tuesday, 12 Jun 2018 

June 12 (Reuters) - Crest Nicholson Holdings PLC ::FORWARD SALES AT MID-JUNE 2018 OF £568.2M (2017: £540.4M), 5% AHEAD OF PRIOR YEAR.HY HOUSING UNITS AT 1,251 UP 18% ON PRIOR YEAR.HY PROFIT BEFORE TAX 74.8 MILLION STG VERSUS 76.2 MILLION STG.GENERALLY FLAT PRICING AGAINST A BACK-DROP OF CONTINUING BUILD COST INFLATION HAS HAD ADVERSE IMPACT ON MARGINS.HY REVENUE 473.8 MILLION STG VERSUS 419.7 MILLION STG.HY OPEN MARKET AVERAGE SELLING PRICES (EXCLUDING PRS) UP 5% AT £439K.OPERATING MARGINS FOR NEXT YEAR ARE EXPECTED TO BE AT A SIMILAR LEVEL TO THIS YEAR, AT AROUND 18%.  Full Article

Crest Nicholson Holdings Says Demand For New Homes Continues To Be Strong
Thursday, 22 Mar 2018 

March 22 (Reuters) - Crest Nicholson Holdings Plc ::CREST NICHOLSON HOLDINGS PLC - TRADING ENVIRONMENT HIGHLIGHTED AT PRELIMINARY RESULTS ANNOUNCEMENT IN JANUARY CONTINUES TO BE GENERALLY ROBUST.CREST NICHOLSON - DEMAND FOR NEW HOMES CONTINUES TO BE STRONG UNDERPINNED BY HIGH LEVELS OF EMPLOYMENT AND GOVERNMENT POLICIES TO IMPROVE ACCESS TO HOUSING.CREST NICHOLSON HOLDINGS PLC - TOTAL FORWARD SALES CONTRIBUTING TO CURRENT FINANCIAL YEAR, INCLUDING COMPLETIONS YEAR TO DATE, AT £620M ARE 15% HIGHER.  Full Article

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