Crest Nicholson Delays Results as Talks with Lenders Continue

Crest Nicholson Holdings Plc will delay the publication of its half-year results to allow the UK homebuilder time to conclude talks with its lenders and avoid breaching the terms of its debt.

The company is seeking the relaxation of covenants on its borrowings and now expects to wrap up talks with lenders by mid-July, according to a statement Tuesday. That means its half-year results for the period through April are scheduled for July 16, it said.