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Crest Nicholson plans job cuts and warns on profits, blaming budget uncertainty
Housebuilder’s autumn selling season was wiped out by speculation about new property taxes, says analyst
The housebuilder Crest Nicholson has warned of job cuts and worse than expected profits after a summer of “subdued” sales amid uncertainty around the possible property taxes in the budget.
The Surrey-based company said it planned to close one divisional office and cut 50 roles, including staff at that site and “selective other roles” across the business.
Source: www.theguardian.com
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