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Crest Nicholson tipped for rise in profits

Charles Stanley expects Crest Nicholson to report interim pretax profits of £40.3m today, up from £38m last time.

The Daily Telegraph says investors will be interested in any cuts in sales incentives that would boost margins and details of its £10m cost-cutting programme.

Dealers are pinning their hopes on the housebuilder being taken over. The shares closed down 1.5p at 515.25p.

References: The Daily Telegraph 22/06/06 page B7 (The Market), page B8 (BackPost – Face of the Day

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