IN BRIEF: Crest Nicholson delays results amid talks with lenders

Crest Nicholson Holdings PLC - Surrey, England-based housebuilder - Says the publication of its results for the six months ended April 30 will be delayed until July 16. Explains that it is in talks with lenders as it seeks a temporary covenant relaxations with discussions ‘expected to conclude by mid-July’. Says the results delay will ‘allow sufficient time for the orderly completion of the covenant reset process and for the group’s auditors to complete their review processes’.

This follows an April trading update in which Crest Nicholson lowered full-year guidance and warned of higher-than-forecast debt amid ‘a marked softening in sentiment’. The company eyes earnings before interest and tax for financial 2026 from £5 million to £15 million and a year-end net debt position of £100 million to £120 million. JPMorgan said this implies pretax profit between breakeven and a loss of £10 million in financial 2026, compared with previous guidance of £32 million to £40 million, and profit of £2.9 million in financial 2025.

Current share price: 67.60 pence, up 2.3% on Tuesday afternoon in London

12-month change: down 64%

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