British housebuilder Crest Nicholson is making losses due to problems in the real estate market

British housebuilder Crest Nicholson has plunged into the red and cut its dividend, highlighting the problems in the British property sector. The FTSE 250 company warned for the fourth time in a year that profits would be below expectations and said it was still hurt by volatile mortgage rates and slowing demand in the housing … Read more

Legal & General will expand pensions and sell housebuilder Cala

Legal & General’s new boss has announced a shake-up of the company, including a sharper focus on its booming pensions division and putting its housebuilding business up for sale. The insurance and asset management group’s new CEO, António Simões, a banker who started in January and previously worked for Santander and HSBC, promised a “simpler … Read more