Crest Nicholson warns on profit as new CEO rejigs homebuilder

(Reuters) - British homebuilder Crest Nicholson on Thursday warned that annual profit would fall by a third as prices flatten on Brexit-hit consumer confidence and as the company's new leadership embarks on changes to the business. The company, which builds houses and flats in London and across the southern half of England, said new Chief Executive Peter Truscott wants to develop more projects and rely less on land sales in the coming years.Crest Nicholson now expects to make pretax profit..