Company
Bellway PLC
LON:BWY
Bellway PLC is a holding company. The Company, through its subsidiaries, is engaged principally in house building in the United Kingdom. The Company is a volume house builder selling primarily in the private market and trading nationally in areas of high population. It also acquires and sells second hand homes taken in part exchange.
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Builders and building materials
FTSE 100 Live: Blue chips to close a tick lower; US rate cuts hopes dented; Raspberry Pi eyes top pricing
FTSE 100 down 22 points to 8,263
Builders and building materials
Bellway orders slide as higher mortgage costs take toll
Bellway said that this lower demand will mean a "material reduction in volume" in the current financial year
Builders and building materials
Bellway sees orders stall as mortgage costs keep rising
The 2024 financial year will see lower year-on-year volumes due to orders slowing, the builder cautioned
Builders and building materials
Bellway blames mini-Budget for housing market uncertainty
Bellway PLC has accused the government of causing a potential shrink in the UK housing market, after revealing a drop in house reservations despite also reporting strong preliminary results for year to 31 July 2022.
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Housing market remains weak in July - RICS
Activity in the UK housing market remained weak in July according to a survey.
Builders and building materials
Bellway sees record full-year revenue and completions on 'robust' housing demand
The housebuilder saw housing completion grow by 10.5% to a record 11,198 homes in the year to end-July
Builders and building materials
Bellway shares advance after confident trading update as builder shrugs off the drag of rising costs
The order book stands at £2.4bn, up 27% year on year
Busy City diary for week ahead includes Ashtead, Boohoo, Halma and more interest rate rises
Other results and statements during the week are expected from Games Workshop, Crest Nicholson, DiscoverIE, Ferguson, OnTheMarket and Whitbread
Builders and building materials
UK housing tenants to be able to using benefits in new right-to-buy scheme
A new generation of “posh prefabs” will be rolled out across the country, according to one report
Builders and building materials
Bellway gets more cautious on dividends as cost inflation rises
Inflationary pressures are expected to continue in the year ahead as a result of materials shortages, rising fuel prices and wage costs
FTSE 100 closes in the green, buoyed by encouraging peace negotiations
The UK blue chip index lifted by growing hopes of a ceasefire in Ukrainian conflict
Hardware & electrical equipment
Inflation top of the Tuesday's list, with AG Barr, Kantar data and Bellway
Others reporting results on Tuesday include Aquis Exchange, Burford Capital, EKF, Ergomed, Genedrive, Flowtech, Good Energy, Personal Group, S&U and XLMedia
Builders and building materials
Bellway ups house price guidance in 'strong' market
Completions edged up to 5,694, with an order book of 6,628 homes worth £1.94bn.
Builders and building materials
Bellway doubles profits but says shortages slowing building work
Provisions for cladding removal and fire safety issues now total £165mln
Netflix and Bellway in view as investors split attention between Wall Street and London
Others reporting on Tuesday include 888 Holdings, BHP Group, Johnson & Johnson, Procter & Gamble and Philip Morris International
Builders and building materials
Bellway has record forward sales position
The year just ended was a sparkling one for the housebuilder, thanks in part to the government bending over backwards to keep the housing market buoyant
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FTSE 100 finishes near session highs as US blue-chips rally
At the close, the UK blue-chip index was 28.74 points, or 0.4% higher at 7,161.04, just below the day’s peak of 7,166.07
Builders and building materials
Bellway expects average price to top £300,000 by year-end as housing booms
Completions for the full year are expected to be around 10,000 homes with fewer in the second half
Housebuilders can absorb higher raw material costs says broker
Least sensitive are Persimmon (high gross margin), Berkeley (high gross margin) and Countryside
Builders and building materials
Housing planning changes will make it harder to block new construction schemes
New laws will be outlined in the Queen's Speech on Tuesday
Bellway sales hit record led by buoyant North-West and Midlands
Interim profits fell by 4% to £280.2mln as Bellway took a further £20.3 provision for fire safety remediation work
Builders and building materials
Bellway sells record of number of houses in first half
The reservation rate slowed during November, as the sector transitioned to the new Help-to-Buy rules
Bellway is best stock to beat the market in the medium term, says AI algorithm
The artificial intelligence, developed by investment firm Danel Capital, singled out the housebuilder as the stock most likely to outperform on the UK market in the first six months of the year, followed by other big names including Rolls-R
Builders and building materials
Bellway, Redrow and some other housebuilders still offer value, say JPMorgan and Citi
“Heading into 2021, we are now shifting the skew of our recommendations toward value after strong outperformance of the quality names in 2020,” said analysts at JPM
Builders and building materials
Bellway expects a 25% increase in housing completions in full year
The builder has an order book of 6,186 homes worth £1.77bn, which is down from the £1.87bn in mid-October
Builders and building materials
Bellway restores dividend as housing orders bounce back to record levels
Profits last year fell by 64% including a £46.8mln charge for remedial fire safety repairs in apartment blocks
Builders and building materials
Bellway dinged by another downgrade over costs and productivity levels
Deutsche Bank's analysts said concerns over productivity levels were “so subjective in reality it is hard to make useful comparisons with peers”
Builders and building materials
Bellway downgraded by Peel Hunt due to higher costs
Higher costs are now expected to push the second half of the past year into a loss and squeeze margins in the new year
Builders and building materials
Bellway flags up coronavirus costs as housing activity resumes
Reservations are now running at 140 per week compared to 162 a year ago and 211 before the lockdown.
Builders and building materials
Bellway expects constrained house sales until coronavirus lockdown restrictions are lifted
Home viewings are limited to single-family groups and by appointment only.
Bellway to reopen limited number of building sites from next week
Sales centres and show homes will remain closed for the foreseeable future, with customer contact maintained over the phone for all developments
Builders and building materials
Bellway postpones interim dividend as sees "significant risks" from coronavirus
The housebuilder is pausing new site acquisitions and has undertaken a “re-prioritisation of production expenditure to focus on plots which are in the later stages of construction programmes”
Builders and building materials
Bellway eyes return to "strong spring season"
The housebuilder completed 5,321 new homes in the six months to 31 January, up 6.3% on a year ago
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FTSE 100 weighed down by sterling's rally
All three of the major US indices pulled back from all-time highs
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US jobs data takes centre stage after private payrolls boost; Bellway to be corporate highlight
US non-farm payrolls are hotly anticipated after Wednesday's strong ADP private payrolls report
Builders and building materials
Peel Hunt bumps Bellway down to 'hold' on margin worries
Markets knocked housebuilder Bellway’s share price down 8% after disappointing results and a downgrade from broker Peel Hunt
Builders and building materials
Bellway warns of “more pronounced” pressure on profit margins
The housebuilder reported a 3% increase in profit before tax to £662.6mln for the past year
Archive
FTSE 100 closes flat as pound stays strong on Brexit hopes; US stocks leap
Despite the EU's chief negotiator giving the UK until midnight to present revised proposals for a Brexit deal, sterling was still around 0.5% higher against the dollar
Bellway and Hays may struggle to cut through market gloom
Tuesday's news is also likely to see a focus on UK unemployment numbers and a meeting of European ministers ahead of the big European Council summit later in the week
Hardware & electrical equipment
Deutsche Bank upbeat on housebuilders, thinks Help to Buy could be extended beyond 2023
“It is politically unacceptable for any government to neglect the housing market as the 2017 Election so starkly illustrated"
Builders and building materials
Bellway wobbles as it forecasts lower full year margins
The FTSE 250 housebuilder continued to see margin pressure despite completing a record number of new homes in its last full year
Housebuilders' pay big yields but do they offer value any more?
“Given the attractive yields on offer, the question of sustainability becomes more hazy the further out you look”