Crest Nicholson to cut 50 jobs in further streamlining

Crest Nicholson has launched another round of cost cuts after warning pre-tax profit for the year will come in at the bottom end of expectations.
The house builder is shutting one divisional office and placing around 50 roles at risk as it battles a subdued summer sales period and jitters over government tax plans ahead of the Budget.
In a trading statement covering the year end, Crest said adjusted pre-tax profit would land at the low end of its £28m–£38m range, with completio