Crest Nicholson warns of surprise annual loss as shares drop 10%

UK housebuilder Crest Nicholson now expects an operating loss of about £10m for the year to October 2026, reversing prior guidance of £5m–£10m profit. Shares fell over 10% on 3 September. It is the third profit warning since April 2026. The company cited slowing sales, affordability pressures, and competitive pricing.