Crest Nicholson has cut back its housebuilding and earnings targets, as the housebuilder’s emergency talks with its lenders drag on.

Crest Nicholson has cut back its housebuilding and earnings targets, as the housebuilder’s emergency talks with its lenders drag on.

The housebuilder told shareholders that conditions in the property market had been ‘more subdued’ than expected during the summer season.