Crest Nicholson: RBC Capital Markets analysts said that the challenge for Crest during the transition was to stay focused on execution, adding that a change of management may present an opportunity to adjust strategy.
By Joe Hoppe Crest Nicholson Holdings said its profit and revenue both fell, reflecting housing market weakness, and named Martyn Clark as its new chief.
Stock prices in London opened largely flat on Tuesday, failing to capitalise on broadly positive market sentiment elsewhere.
The FTSE 100 index opened up 3.03 points at 7,490.73. The FTSE 250 was up.