By Laura McGuire Housebuilder Crest Nicholson has lowered its profit guidance for the year due to issues at its Brightwells Yard regeneration scheme in Farnham, and warned of an unexpected legal bill for a fire at one of its sites in 2021. The developertold markets this morning, it now expects adjusted profit before tax to reach £41m, down from November’s £45m update. It is the third profit warning posted by the group in this financial year. The developer also told markets it was now expecting a £13m charge related to a 2021 fire at one of its low-rise apartment sites. The charge is not cash i…
