Crest Nicholson forecasts lower profits after number of first-time buyers plunges
Britain’s housebuilders were the top stock market fallers on Monday after one of the sector’s biggest companies issued a profit warning and data revealed the fastest drop in asking prices in five years.
Taylor Wimpey led the fallers on FTSE 100, down 3.5%, with Persimmon, Berkeley and Barratt down more than 2%. The property website Rightmove also fell nearly 2%.
