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HOUSEBUILDER TO SLASH JOBS AND SHUT OPERATIONS AS IT WARNS OVER BUDGET

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✍️ Crest Nicholson, a major housebuilder, is preparing to cut jobs and shut some operations due to budget uncertainty affecting the housing market.

👉 Crest Nicholson to close one of its regional offices 👉 Approximately 50 jobs at risk 👉 Budget uncertainty affecting the housing market 👉 Profit expected to be 'marginally below' guidance range for 2025 financial year

-- #MartynClark #AnthonyCodling #RachelReeves #business

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Martyn Clark Anthony Codling Rachel Reeves business mainstream:perspective

11/19/2025

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CREST NICHOLSON PLANS JOB CUTS AND WARNS ON PROFITS, BLAMING BUDGET UNCERTAINTY

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✍️ Crest Nicholson, a UK-based housebuilder, has warned of job cuts and lower-than-expected profits due to a subdued housing market and uncertainty surrounding property taxes.

👉 Crest Nicholson to close one divisional office and cut 50 roles 👉 Adjusted profit before tax expected to be at the low end or slightly below £28m to £38m 👉 Housing market has remained subdued through the summer 👉 Uncertainty surrounding government tax policy ahead of the budget 👉 Company has completed 1,691 homes in the past financial year 👉 Working on a new house type range

-- #AnthonyCodling #JennieDaly #Surrey #London #business

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Anthony Codling Jennie Daly Surrey London business liberal:perspective

11/18/2025

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HOUSEBUILDER TAYLOR WIMPEY HIT BY SALES FALL AMID BUDGET UNCERTAINTY

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✍️ Taylor Wimpey, a British housebuilder, has reported a drop in sales in the autumn period, citing uncertainty ahead of the UK budget and affordability pressures.

👉 Taylor Wimpey reports a drop in sales in the autumn period 👉 Uncertainty ahead of the UK budget and affordability pressures are cited as reasons 👉 Order book is down, but sales for the year to date are only slightly down on 2024 👉 Company expects underlying pricing to remain 'broadly flat' but building costs to continue rising

-- #JennieDaly #RachelReeves #AnthonyCodling #business

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Jennie Daly Rachel Reeves Anthony Codling business liberal:perspective

11/12/2025

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UK HOUSE PRICE GROWTH SLOWS AS BUYERS ‘SIT ON SIDELINES’ BEFORE BUDGET

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✍️ British house price growth slowed in October, with a 0.3% month-on-month increase, as buyers wait for the budget to bring new property taxes.

👉 House price growth slowed in October, with a 0.3% month-on-month increase 👉 Buyers are waiting for the budget to bring new property taxes 👉 The average house price rose to £272,226 in October 👉 House prices are close to all-time highs 👉 Mortgage rates are more than double the level they were before Covid

-- #AnthonyCodling #RachelReeves #AmyReynolds #RobertGardner #London #world

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Anthony Codling Rachel Reeves Amy Reynolds Robert Gardner London world liberal:perspective

10/31/2025

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HOUSEBUILDER VISTRY’S PROFITS MORE THAN HALVE AMID ECONOMIC UNCERTAINTY

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✍️ Vistry Group, a British housebuilder, reported a 55% drop in half-year profits due to declining buyer demand and economic concerns.

👉 Vistry Group reported a 55% drop in half-year profits 👉 Declining buyer demand and economic concerns cited as reasons 👉 Revenue decreased by 5% to £1.6bn 👉 Completed 6,889 homes, a 12% decrease from the previous year 👉 Formed a joint venture with Homes England to build social and affordable homes

-- #GregFitzgerald #AngelaRayner #AnthonyCodling #business

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Greg Fitzgerald Angela Rayner Anthony Codling business liberal:perspective

9/10/2025

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CRH PLC (CRH): AMONG BILLIONAIRE SETH KLARMAN’S STOCK PICKS WITH HUGE UPSIDE POTENTIAL

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✍️ Billionaire Seth Klarman's stock pick, CRH plc (NYSE:CRH), is a provider of building materials and construction solutions with a huge upside potential of 21.11%.

👉 CRH plc (NYSE:CRH) is a provider of building materials and construction solutions 👉 The company serves markets in construction, infrastructure, and building materials across the Americas, Europe, and Asia-Pacific regions 👉 In 2024, CRH plc's total revenues grew by 2% to $35.6 billion, and net income increased by 15% to $3.5 billion 👉 The company's net income margin came in at 9.9%, a 110 basis point improvement year-over-year