Crest moves up a gear

Article Abstract:

Crest Nicholson is aiming for the premium end of the UK housebuilding market since the market for cheaper homes is affected by concerns about interest rates and negative equity. The group is seeking to increase earnings per home with an average home sold at 96,000 pounds sterling rather than 77,200 pounds. Crest's construction division has cut its overheads by 1 million pounds sterling and boosted sales, so may break even in 1995 following a loss in 1994.

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Crest Nicholson

Article Abstract:

Crest Nicholson is involved in the British real estate and construction industry, and should benefit from its strong land bank. The company could be hit should interest rates be raised.

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Crest Nicholson

Article Abstract:

Crest Nicholson has performed well in a survey of customer satisfaction, though could face pressures from a slower British housing market.

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