Housebuilder Crest Nicholson issues profit warning blaming tough market conditions October 17, 2018 Housebuilder Crest Nicholson has issued a profit warning and announced that its chief financial officer (CFO) is leaving the business. It is the housebuilder’s third profit warning in two years with the company blaming the difficult market and the uncertain political environment. Read more: Profits surge at housebuilder Bellway but Brexit caution lingers The FTSE [...]
Barratt chair threatened with investor rebellion after shareholders advised to vote against re-election October 16, 2018 Housebuilding giant Barratt Developments could suffer a revolt at its annual general meeting tomorrow, after an influential shareholder advisory group recommended investors vote against the re-election of chairman John Allan. PIRC has said that Allan, who is also chair of Tesco, “cannot effectively represent two corporate cultures…the possibility of having to commit additional time to [...]
FTSE housebuilder Bellway cements position with rising profits but caution lingers October 16, 2018 Housebuilder Bellway sent mixed messages to the City this morning, as a rise in profit coincided with a cautious warning over Brexit. Pre-tax profits climbed 14 per cent to £641m over the last 12 months, as robust annual sales pushed the firm above the 10,000 homes mark for the first time. Revenues also jumped 15.6 [...]
Bellway profits soar on back of strong housing demand March 25, 2015 The numbers Homebuilder Bellway has reported a jump in profit before tax of 53 per cent to £159m for the half year ended 31 January. Revenue climbed 18.7 per cent to £831.2m. In good news for shareholders, dividends per share soared 56 per cent to 25p. Completions for the period rose 15.7 per cent from the [...]
Housing supplier Bellway splashes out £355m on sites as demand shows no signs of slowing February 10, 2015 House builder Bellway is betting on sustained demand in the UK housing market after announcing it has significantly increased its purchases of land in the last six months. The company spent £355m on sites it has identified as attractive investments with recent purchases focussing on the home counties, with sites in Basingstoke and Kings Hill [...]
Barratt, Taylor Wimpey and Bellway among 16 national house builders to sign up to government’s Starter Homes initiative December 15, 2014 Some of the UK's biggest property developers have signed up to a new government scheme designed to help first-time buyers get a foot on the ladder. Avant, Barratt, Taylor Wimpey and Bellway are among 16 house builders to have put their name to the scheme, which offers first-time buyers under the age of 40 [...]
Bellway share price jumps as home sales and profits break records October 14, 2014 Bellway’s shares rallied 5.53 per cent yesterday after the housebuilder posted record half-year profits and said it expected to build 10 per cent more homes over the next year. The Newcastle-based company said pre-tax profits reached £245.9m in the six months to 31 July, up 74.5 per cent on the same time last year and [...]
Bellway says order book for new homes is way ahead of last year June 5, 2014 HOUSEBUILDER Bellway said yesterday that it was confident Britain’s strong housing market would continue to grow, as it reported that its order book for new homes was “significantly ahead” of where it was last year. The company that its order book of homes due for completion after 31 July stood at £670m, compared to £380m [...]
Bellway profits soar as housing market gathers pace March 26, 2014 British housebuilder Bellway has reported a jump in profit before tax of 73 per cent to £103m for the half year ended 31 January 2014 – the highest ever achieved by the group in a first half trading period. Bellway said it had responded to strengthening conditions in the housing market across all regions by [...]