Crest Nicholson (CRST.L) on Thursday became the latest British homebuilder to flag weakening conditions in the sector, and lowered its annual profit expectations for the second time in four months.
The FTSE midcap company, which in August cut annual earnings forecast by 32% to around 50 million pounds ($61.9 million), said it now expects adjusted profit before tax in the range of 45 million pounds to 50 million pounds.
($1 = 0.8075 pounds)
Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Varun H K
