Company
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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“This has been another successful trading period for the group, during which we have made further disciplined investment in order to grow the number of sales outlets and build upon last year’s strong trading performance," said Jason Honeyma
Investments and investor services
China has pledged to spend more on infrastructure to offset any downturn caused by Trump’s trade tariffs
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The Day Ahead also brings updates from FTSE 100-listed smoke detector firm Halma and new and used car retailer Motorpoint Group, plus the latest UK jobs data
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Aide from Tesco's latest update, a number of lesser-known blue chip firms will also report in the Week Ahead including British American Tobacco, Ferguson, DS Smith, and Halma
Many UK housebuilders have had to put aside money to tackle issues such as poorly built homes and Grenfell Tower-style cladding
Builders and building materials
Bellway's margins have come under pressure from rising cost pressures but the housebuilder is taking action to deliver savings
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Mrs May reportedly told MPs that she will resign before the next phase of the Brexit negotiations.
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Big tobacco will also be making an appearance in the form of a trading update from Imperial Brands
Investments and investor services
The UK's premier share index closed down around 30 points at 7,177
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Aside from the latest instalment of the Brexit saga, the week ahead will bring updates from housebuilder Bellway, tobacco firm Imperial Brands, and soft drinks group Fevertree
Builders and building materials
The US bank has reduced its target for the FTSE 250-listed firm to 400p from 440p, albeit with the stock currently trading at 354.20p, down 8.9% on Wednesday’s close
Builders and building materials
The downgrade followed a record first half for the housebuilder, who reported in a trading update on Thursday that total revenue for the period is expected to be up by more than 12% to just shy of £1.5bn from £1,324.4mln the year before
The measured use of incentives has continued on certain sites. These have been generally focussed towards higher value plots, where the group has limited exposure and where sales rates tend to be a little slower
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The UK index of leading shares closed down over 79 points to 7,093, while the FTSE 250 lost over 274 points at 18,799
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Aside from the Bank of England's latest pronouncements, investors will have updates from the likes of Thomas Cook, Smith & Nephew, Compass Group and Superdry to digest on Thursday
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The week ahead includes updates from Thomas Cook, Superdry, Ryanair and Tate & Lyle, among others.
Builders and building materials
The secondary housing market might be flagging of late, but cheap mortgages and the Help to Buy scheme means demand for new builds from first time buyers is soaring
Builders and building materials
Redburn’s analysts said: “Popular commentary continues to paint the UK housing market as weak, but we view activity as remarkably resilient considering Brexit uncertainties"
Builders and building materials
In a note to clients, the broker upgraded Barratt, Bovis Homes, and Crest Nicholson to ‘Buy’ from ‘Hold’ off what it said was an upside of “at least 20%” if a smooth Brexit materialised
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Another profit warning from Crest Nicholson plus the previously buoyant East Anglia housing market joining London and the South-East in the doghouse is further evidence the sector has peaked
