Housebuilder Bellway banks record revenue – but inflation eats into profits house building Bellway has recorded yet another record revenue amidst the UK’s housing market boom, but rising inflation has significantly eaten into profits. The FTSE housebuilder’s revenue grew 13.3 per cent to £3.53bn in the year to 31 July, up from £3.12bn a year prior. However, Bellway’s pre-tax profit has plunged more than a third over the [...]
Bellway and Crest Nicholson shares soar as record property prices boost housebuilders FTSE HOUSEBUILDERS Shares in Bellway and Crest Nicholson have risen this afternoon, following upbeat trading updates which signal that record house prices are filling the pockets of housebuilders. Developer Bellway has seen its sales reservations continue to climb past their pandemic heights, as demand shows little sign of slowing. The London-listed real estate firm, whose shares rose [...]
Cladding bill nears £2bn mark as Bellway, Vistry and Countryside Partnership pledge to fix homes CLADDING PLEDGE Housebuilders’ pledges to repairing unsafe cladding has neared a bill of £2bn as Bellway pledged £485m to fix homes on Thursday. According to analysis from AJ Bell, the total bill now stands at £1.8bn, with FTSE 100 developer Berkeley yet to declare how much it will provide. The department for levelling up, housing and communities [...]
Housebuilders’ share prices plunge as government cracks down on cladding crisis January 10, 2022 Homebuilders’ share prices tumbled on Monday as the government said it was prepared to force developers to pay for the removal of dangerous cladding. Housing minister Michael Gove has handed builders a March deadline to agree a plan to protect leaseholders who cannot sell their homes due to their fire defects. Leaseholders have called on [...]
Bellway’s profits double despite supply chain woes slowing construction activities October 19, 2021 Housebuilder Bellway said this morning that its annual profits more than doubled, but cautioned that supply chain woes are holding back construction activity. The group posted a 102.4 per cent jump in pre-tax profits to £479m for the year to July 31 as revenues leaped 40.3 per cent to £3.12bn thanks to a booming property [...]
Almost all UK housebuilders’ revenues fell as fewer homes built during covid July 13, 2021 Only one of the biggest housebuilders in Britain has seen an increase in its revenue and built more homes in 2020, new research shows. The latest research from Warwick Estates has revealed that Vistry Group was the only major house builder which saw improved performance in terms of the number of houses delivered, and in revenue. The [...]
Housebuilder Bellway makes record land investment as house prices rocket June 15, 2021 Bellway has made a record investment in land since last August, a move that could pay off handsomely in the future with the recent rise in house prices. The housebuilder has contracted to acquire some 15,982 plots since 1 August 2020, up from 10,079 plots in its 2020 financial year, and 10,620 in 2019. Bellway [...]
UK housebuilder Bellway ups selling price expectations and reinstates dividend March 24, 2021 Bellway this morning reinstated its dividend and upped its selling price expectations for this year as the UK housebuilder reported strong demand for new homes. The FTSE 250 developer said the full-year average selling price is now forecast to be more than £295,000, up from a previous estimate of £293,054. It announced it will reinstate [...]
Bellway revenue soars as first-half housing completions break records February 9, 2021 UK housebuilder Bellway reported that completions rose to record-breaking levels in the first half of the year, sending revenue soaring. Housing revenue jumped more than 12 per cent to £1.72bn in the first half, up from £1.52bn the previous year. The number of homes sold rose 6.3 per cent to 5,656, compared to 5,321. Bellway [...]
Housebuilder Bellway restarts dividend as new orders jump October 20, 2020 UK housebuilder Bellway has resumed the payment of its dividend after the recent surge in housing market activity helped push up forward orders by 43 per cent. The group reported that pre-tax profit fell to £236.7 in the year ended July. That compared to £662.6 a year earlier. However, the future is looking brighter amid [...]