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Bellway plc

BWY.L

Latest Trade

4,092.00GBp

Change

72.00(+1.79%)

Volume

313,081

Today's Range

4,040.00

 - 

4,106.00

52 Week Range

2,656.00

 - 

4,150.00

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Speedy Hire Says Sale of Surplus Land For £4.0m Was Completed

Oct 29 (Reuters) - Speedy Hire PLC <SDY.L>::SALE OF SURPLUS LAND.CONSIDERATION OF £4.0M WAS PAID IN CASH IN FULL AT COMPLETION TODAY.LAND HAD A BOOK VALUE £0.1M AND RESULTANT PROFIT WILL BE RECOGNISED AS EXCEPTIONAL ITEM IN FULL YEAR ACCOUNTS TO 31 MARCH 2020.HAS SOLD ITS SURPLUS LAND TO BELLWAY HOMES LTD.

Bellway FY Pretax Profit Rose 3.4% To 662.6 Mln Stg

Oct 15 (Reuters) - Bellway PLC <BWY.L>::FY PRETAX PROFIT ROSE 3.4 PERCENT TO 662.6 MILLION STG.FY REVENUE £3,213.2M VERSUS £2,957.7M.FY AVERAGE SELLING PRICE OF £820,467 (2018 - £705,567).PROPOSED TOTAL DIVIDEND PER SHARE 150.4P.A POSITIVE START TO NEW FINANCIAL YEAR, WITH WEEKLY RESERVATION RATE IN NINE WEEKS TO 29 SEPT INCREASING BY 4.0% TO 183.GROUP SHOULD ACHIEVE AN AVERAGE SELLING PRICE IN YEAR AHEAD IN EXCESS OF £285,000 (2019 - £291,968).IN NEW FINANCIAL YEAR, ONE-OFF BENEFIT TO OPERATING MARGIN FROM NINE ELMS WILL NOT BE REPEATED.REDUCTION TO A CONSISTENT, UNDERLYING OPERATING MARGIN WILL BE MORE PRONOUNCED IN NEW FINANCIAL YEAR.BOARD IS MINDFUL THAT UNCERTAINTY SURROUNDING 'BREXIT' COULD POSE A THREAT TO CONSUMER CONFIDENCE.HAVE FORECAST MATERIAL REQUIREMENTS FOR COMING YEAR AND COMMUNICATED THESE TO OUR SUPPLIERS RELATING TO BREXIT.MOST OF OUR MATERIALS ARE SOURCED IN UK, A LIMITED NUMBER OF OUR SUPPLY CHAIN PARTNERS MANUFACTURE IN EUROPE.HAVE FORECAST OUR MATERIAL REQUIREMENTS FOR COMING YEAR AND COMMUNICATED THESE TO OUR SUPPLIERS.SUPPLIERS HAVE CONSIDERED ALTERNATIVE TRADE ROUTES TO BRING GOODS INTO UK.SUPPLIERS HAVE INCREASED THEIR STOCK LEVELS TO ENSURE THAT THEY HAVE MATERIALS AVAILABLE IN EVENT OF DELAYS THROUGH PORTS.SEES REDUCTION TO CONSISTENT, UNDERLYING OPERATING MARGIN AS MORE PRONOUNCED.RECENTLY LAUNCHED 'ARTISAN COLLECTION' HOUSE TYPE RANGE IS PROGRESSING WELL AND IN LINE WITH EXPECTATIONS.

Bellway Says FY Profit Before Tax Is Expected To Be In Line With Current Market Estimates

Aug 8 (Reuters) - Bellway PLC <BWY.L>::TRADING UPDATE.FY PROFIT BEFORE TAX IS EXPECTED TO BE IN LINE WITH CURRENT MARKET ESTIMATES.IN ADDITION TO STRONG GROWTH IN COMPLETIONS, GROUP HAS MAINTAINED A SIZEABLE FORWARD ORDER BOOK AT 31 JULY.BELLWAY PLC SEES FY OPERATING MARGIN CONTINUING TO MODERATE TOWARDS A MORE NORMALISED LEVEL.FY STRONG FORWARD ORDER BOOK, COMPRISING 4,878 HOMES (2018 - 4,841 HOMES).BELLWAY PLC SEES FORWARD ORDER BOOK, COMPRISING 4,878 HOMES AT FY-END (2018 - 4,841 HOMES).THERE CONTINUES TO BE A STRONG UNDERLYING DEMAND FOR GOOD QUALITY NEW HOMES.FY HOUSING REVENUE ROSE BY OVER 8% TO ALMOST £3.2 BILLION.EXPECTS TO DELIVER FULL YEAR PROFIT IN LINE WITH CURRENT MARKET EXPECTATIONS.NUMBER OF HOUSING COMPLETIONS RISING BY 5.7% TO 10,892 IN FY.AVERAGE SELLING PRICE ROSE BY AROUND 2.5% TO £292,000 IN FY.

Bellway Says Value Of Order Book Modestly Lower At 1.64 Bln Stg

June 11 (Reuters) - Bellway Plc <BWY.L>::REG-BELLWAY PLC: TRADING UPDATE.SALES DEMAND IN PERIOD, WITH A 4.7% INCREASE IN RESERVATION RATE TO 244 PER WEEK (2018 - 233 PER WEEK).AS AT 2 JUNE, GROUP HAD NET BANK DEBT OF £261 MILLION (3 JUNE 2018 - £278 MILLION).WELL PLACED TO MEET BOARD'S EXPECTATIONS WITH REGARDS TO EARNINGS GROWTH IN CURRENT FINANCIAL YEAR.FORWARD ORDER BOOK HAS RISEN BY 2.7% TO 6,312 HOMES (3 JUNE 2018 - 6,144 HOMES), WITH 68% OF PLOTS CONTRACTED.FORWARD ORDER BOOK, WITH NUMBER OF PLOTS RISING BY 2.7% TO 6,312 HOMES FOR THE PERIOD FROM 1 FEBRUARY TO 2 JUNE 2019..WELL PLACED TO DELIVER FURTHER EARNINGS GROWTH THIS FINANCIAL YEAR, IN LINE WITH BOARD'S EXPECTATIONS..VALUE OF ORDER BOOK MODESTLY LOWER AT £1,643 MLN (2018-£1,703 MLN), A REFLECTION OF PLANNED GROWTH IN LOWER VALUE SOCIAL COMPLETIONS THIS YEAR.

Bellway Reports HY Pretax Profit 313.9 Mln Stg Vs 288.7 Mln Stg

March 27 (Reuters) - Bellway PLC <BWY.L>::INTERIM RESULTS.INTERIM DIVIDEND WILL INCREASE BY 5.0% TO 50.4P PER SHARE (2018 - 48.0P PER SHARE).TRADING IN FIRST SIX WEEKS SINCE 1 FEBRUARY HAS BEEN STRONG.BOARD THEREFORE EXPECTS BELLWAY TO DELIVER FURTHER GROWTH IN COMPLETIONS THIS YEAR.HY REVENUE £1,488.0M VERSUS £1,324.4M.HY PROFIT BEFORE TAXATION £313.9M VERSUS £288.7M.FORWARD ORDER BOOK WITH VALUE OF £1,485.2 MILLION AT 10 MARCH (11 MARCH 2018 - £1,524.9 MILLION), COMPRISING 5,724 HOMES (11 MARCH 2018 - 5,485 HOMES).FURTHER VOLUME GROWTH IS EXPECTED BOTH THIS FINANCIAL YEAR AND OVER LONGER TERM.HY OPERATING PROFIT ROSE BY 8.7% TO £319.8 MILLION.

Bellway Sees HY Revenue Up 12 Pct To £1.5 Billion

Feb 7 (Reuters) - Bellway Plc <BWY.L>::HY AVERAGE SELLING PRICE HAS RISEN BY 6.5% TO £293,800.HY TOTAL REVENUE EXPECTED TO RISE BY OVER 12% TO ALMOST £1.5 BILLION.HY NUMBER OF HOUSING COMPLETIONS RISING BY 5.6% TO 5,007.THOUGH RATE OF HOUSE PRICE INFLATION CONTINUES TO MODERATE, PRICING ENVIRONMENT REMAINS FIRM.MODEST PRICE INCREASES STILL ACHIEVABLE ON MANY AFFORDABLY PRICED SITES ACROSS COUNTRY.COMMENCES ITS SECOND HALF TRADING PERIOD IN A SOLID POSITION.ORDER BOOK AT HY END HAS VALUE OF £1,171.3 MILLION (2018 - £1,297.4 MILLION), COMPRISING 4,587 UNITS (2018 - 4,629 UNITS).BOARD STILL EXPECTS AVERAGE SELLING PRICE TO BE SLIGHTLY IN EXCESS OF £290,000 (31 JULY 2018 - £284,937).

Bellway Introduces Cost Control Initiatives, To Maintain Dividend Cover Of 3x Earnings

Oct 16 (Reuters) - Bellway PLC <BWY.L>::FY REVENUE 2,957.7 MILLION POUNDS VERSUS 2,558.6 MILLION POUNDS AS REPORTED A YEAR AGO.FY PROFIT BEFORE TAX 641.1 MILLION POUNDS VERSUS 560.7 MILLION POUNDS AS REPORTED A YEAR AGO.FY TOTAL DIVIDEND PER SHARE 143 PENCE VERSUS 122 PENCE AS REPORTED A YEAR AGO.ORDER BOOK WITH A VALUE OF £1,469.5 MILLION AT 30 SEPTEMBER (1 OCTOBER 2017 - £1,361.5 MILLION).WHILST RISK TO CONSUMER CONFIDENCE POSED BY EXIT FROM EU, CO HAS A SOLID PLATFORM FROM WHICH TO FURTHER INCREASE OUTPUT IN YEAR AHEAD.FOR FORESEEABLE FUTURE, BOARD EXPECTS TO MAINTAIN A DIVIDEND COVER OF AROUND THREE TIMES EARNINGS.GROUP IS INTRODUCING A NUMBER OF POSITIVE COST CONTROL INITIATIVES.INITIATED SIGNIFICANT PROGRAMME OF IT INVESTMENT TO STRENGTHEN FINANCIAL AND COMMERCIAL PROCESSES ACROSS GROUP.TWO YEAR IT INVESTMENT PROGRAMME TO HELP DELIVER IMPROVED MANAGEMENT INFORMATION, COST VISIBILITY TO HELP TARGET COST CONTROL MEASURES.

British housebuilder Bellway Sees Moderate Price Growth In Year Ahead

Aug 8 (Reuters) - Bellway PLC <BWY.L>::FY SALES DEMAND DURING YEAR, WITH A 7.0% INCREASE IN RESERVATION RATE TO 200 PER WEEK (2017 - 187 PER WEEK).FY SUBSTANTIAL REVENUE GROWTH OF AROUND 16% TO ALMOST £3 BILLION (2017 - £2,558.6 MILLION).BOARD EXPECTS THERE TO BE FURTHER, MORE MODERATE GROWTH IN AVERAGE SELLING PRICE IN YEAR AHEAD.OPERATING MARGIN FOR 2018 EXPECTED TO BE AROUND 22% AND TOGETHER WITH RISE IN REVENUE, WILL RESULT IN SUBSTANTIAL FULL YEAR EARNINGS GROWTH.GROUP HAS MAINTAINED A SIZEABLE FORWARD ORDER BOOK AT 31 JULY, COMPRISING 4,841 HOMES (2017 - 4,749 HOMES).REMAINS AN UNDERLYING REQUIREMENT FOR ADDITIONAL, GOOD QUALITY AND AFFORDABLY PRICED NEW HOUSING.PRICING ENVIRONMENT IS STABLE.TRADING CONDITIONS ARE FAVOURABLE AND CUSTOMER CONFIDENCE APPEARS ROBUST.

Bellway Says Jason Honeyman To Be Appointed As CEO From Aug 1

July 27 (Reuters) - Bellway PLC <BWY.L>::RETIREMENT OF CHIEF EXECUTIVE AND BOARD CHANGES.JASON HONEYMAN IS TO BE APPOINTED AS CHIEF EXECUTIVE FROM 1(ST) AUGUST 2018.CHIEF EXECUTIVE, WHO HAS BEEN ON LEAVE OF ABSENCE SINCE AUGUST 2017 DUE TO ILL HEALTH IS LEAVING BOARD ON 31(ST) JULY 2018.JOHN WATSON WILL BE SUCCEEDED AS NON-EXECUTIVE CHAIRMAN BY PAUL HAMPDEN SMITH.JOHN WATSON, WHO HAS BEEN ACTING AS EXECUTIVE CHAIRMAN DURING AYRES' LEAVE OF ABSENCE WILL RESUME HIS ROLE AS NON-EXEC CHAIRMAN ON AUG. 1.

Bellway Says Value Of Order Book Rose To £1,703 Mln As At June 3

June 12 (Reuters) - Bellway PLC <BWY.L>::BOARD EXPECTS COMPLETIONS FOR YEAR ENDING 31 JULY 2018 TO EXCEED THOSE ACHIEVED LAST YEAR BY AROUND 600 UNITS.VALUE OF ORDER BOOK AT 3 JUNE IS 7.8 PCT AHEAD AT £1,703 MILLION (4 JUNE 2017 - £1,580 MILLION).ORDER BOOK AT 3 JUNE COMPRISES 6,144 HOMES (4 JUNE 2017 - 5,819 HOMES), OF WHICH 67 PCT ARE CONTRACTED.FOR FULL YEAR, BELLWAY IS ON TARGET TO COMPLETE SALE OF IN EXCESS OF 10,000 HOMES.BELLWAY PLC SAYS DEMAND FOR NEW BUILD HOMES "REMAINED STRONG" IN THE PERIOD FROM 1 FEBRUARY TO 3 JUNE 2018.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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