Bellway still bent on expanding the business
"Bellway has grown volumes for nine years in a row and we expect growth to continue, as does management barring any significant changes to sentiment through 2019," said Liberum Capital Markets
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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Investments and investor services
FTSE 100 closes higher after fairly unevenful traading; May gets cabinet support
The FTSE 250, a more UK company focused index, added around 328 points to 19,131
Archive
Bellway to provide gauge of the strength of the housing market
Bellway's prelims look like they will be the main event although it is rumoured theme parks group Merlin is scheduled to issue a trading update - probably what it loses on the roundabouts it will gain on the swings.
Housebuilders in focus as Barratt Developments and Bellway update on trading
The week ahead includes full year results from Bellway and ASOS, interims from Gear4Music and trading updates from Barratt Developments, Segro, Unilever, Domino's Pizza and Rentokil
Builders and building materials
Bellway upgraded to 'buy'; Deutsche Bank says fears over the London effect are overdone
"With a strong reputation (repeated upgrades, conservative asset allocation allowing dividend payments every year since listing) and >20% NTAV growth pa to 2020E, we see the current share price as a good entry point into Bellway," said Deut
FTSE 100 journey in the red continues as it closes down around 47 points
In the currency markets, the pound is down 30% against the US dollar, while the pound is up 0.26% against the Euro..
Builders and building materials
Bellway expects record annual earnings but warns on house price growth slowdown
Bellway said the rate of house price inflation has “moderated”
Investments and investor services
FTSE 100 consolidates gains as sterling's woes continue
Sterling's fall was good news for the Footsie's many big dollar earners
Archive
Finance in focus again on Wednesday as insurance and gambling sector heavyweights to report
Away from the banks, the financial sector will still be at the forefront of the market's mind as Prudential and Paddy Power Betfair prepare to release interim results
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HSBC will ring down the curtain on the bank's interim reporting season, but other financials also in focus
Aside from HSBC's numbers, Prudential, L&G, Standard Life Aberdeen, and Hargreaves Lansdown are all on the results docket in the coming week
House-builders have fallen into buying range
Berenberg has initiated coverage on 11 house-builders and not one of them is a 'sell' in its book
Builders and building materials
Now the roof has fallen in a bit, is it time to buy house-builders?
After years of riding the gravy train, investors have turned their backs on house-builders this year. They have lots of reasons to do so but have they now become cheap from a historical perspective?
Investments and investor services
FTSE 100 closes higher as European Central Bank message cheers markets
The FTSE 100 has clawed back all of this morning's losses and some, while the ECB has unveiled plans to end its quantitative easing programme in December
Builders and building materials
UK housebuilders feel the pinch as sector stagnation pressures margins
Despite a contrasting set of numbers today from Crest Nicholson and Bellway, there remains similarity regarding the housing markets’ slowdown and its effect on their balance sheets
Builders and building materials
Bellway reiterates 10,000 home target as trading environment remains favourable
The property developer said anticipated volume growth of around 600 homes in the full year would enable it to complete the sale of more than 10,000 homes for the first time
FTSE 100 closes in red as resource stocks lag and Brexit debate goes on
With the Trump-Kim meeting and various pieces of economic data behind us, all eyes are turning to Parliament, which is set to vote on amendments to the EU Withdrawal Bill today and tomorrow
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Housebuilders in focus on Tuesday, but fashion updates eyed too
The day ahead includes updates from housebuilders Bellway and Crest Nicholson, plus trading news from fashion group Ted Baker and online clothing firm Boohoo.com
Archive
All eyes to be on trading news from Tesco - although investors have to wait until Friday
Aside from a first-quarter update from Tesco, the week ahead will include an annual meeting for rival Morrison's, plus the latest US Federal Reserve and ECB policy meetings
Builders and building materials
Buoyant Bellway on track to build 10,000 new homes
For the six months to the end of January, it built 4,741 units
Investments and investor services
FTSE 100 closes higher as traders await US interest rate decision
The Footsie has been in consolidation mode for most of the day