Profits drop for Crest Nicholson

Profits have "returned to normal level" at Tony Pidgley's FTSE 100 firm, as the housebuilding giant moves on from some big-ticket PCL developments.

Housebuilder's new Chief Executive vows to make the business "more efficient"

"It seems likely that Covid-19, combined with last month’s floods, will have completely wrecked any positive effects that political certainty since the general election may have provided to the housing…