BUZZ-Crest Nicholson shares fall 11.3% as UK homebuilder lowers profit view

Reuters11-18

** Shares of UK homebuilder Crest Nicholson CRST.L down 11.3% at 145p - top loser among London stocks

** Stock set to record its biggest one-day pct drop since August 2024, if current losses hold

** Co lowers its annual profit expectations, weighed down by subdued demand and heightened uncertainties ahead of the November 26 budget

** Crest expects to report adj pre-tax profit for the year ended October 31 at the low end of, or marginally below, its forecast range of 28 million pounds to 38 million pounds ($36.83-$49.98 million)

** CRST down about 13% YTD

($1 = 0.7603 pounds)

(Reporting by Yamini Kalia in Bengaluru)

((Yamini.Kalia@thomsonreuters.com))

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