Crest Nicholson slashes housebuilding targets in ‘difficult’ summer

Crest Nicholson has cut back its housebuilding and earnings targets as crunch talks with lenders drag on.  The London-listed builder now expects to build up to 1,400 homes this year, compared to earlier forecasts of as many as 1,500. It expects to make an earnings loss of £10m, having previously guided to a profit of…