Crest Nicholson delays financial results due to higher fire safety costs, now estimated between £245m and £255m.

UK homebuilder Crest Nicholson has delayed its financial results announcement until February 4 due to increased fire safety provisions. The company now expects to spend between £245m and £255m on fire remediation, up from previous estimates. This delay, requested by auditors, highlights growing costs in the sector for addressing historic safety issues. Despite the increased costs, Crest Nicholson maintains its profit guidance for the year.

2 months ago
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