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BUZZ-Crest Nicholson: Down after profit warning, CFO exit

** UK-based residential developer Crest Nicholson (Frankfurt: A1KCZN - news) down 4.2 pct, after co warns of lower full-year profit and says Chief Financial Officer Robert Allen stepped down

** Co warns of lower FY profit, citing challenges in the real-estate market, forecasts FY pretax profit to be 170 mln pounds to 190 mln pounds

** Liberum cuts Crest (BSE: CREST.BO - news) 's rating to "hold" from "buy," cuts EPS estimates by 14-22 pct across 2018E-2020E

** Company's forecasted FY pretax profit guidance of 170-190 mln pounds compared to Liberum's estimate of 203 mln pounds and consensus of 204 mln pounds - a 12% difference between the mid point and consensus

** Shares (Berlin: DI6.BE - news) among top losers on FTSE Mid Cap, down 43 pct YTD (Reporting by Siju Varghese in Bengaluru)