Crest Nicholson slumps to £144m loss

Surrey-based house builder Crest Nicholson reported a £144m pre-tax loss for last year after incoming chief executive Martyn Clark delivered a root and branch review of the ailing business.
He said the house builder was working hard to draw a line under the expected cost of future fire remediation works and had also revised up site completion costs at two now-closed divisions.
Total exceptional charges reported for the year to October 2024 soared to £166m, including an extra £1