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Homebuilder Crest Nicholson expects profit ahead of market view

Nov 3 (Reuters) - British homebuilder Crest Nicholson on Tuesday forecast annual earnings ahead of market expectations and reinstated dividend due to strong recovery in the housing market, but warned of fresh challenges in the face of the new coronavirus lockdown.

“Expectations that COVID-19 has driven a structural change to the balance of office and home working has featured strongly in customers’ reasons for considering a Crest Nicholson home”, the company said. (Reporting by Samantha Machado in Bengaluru; Editing by Shailesh Kuber)

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