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Bellway Plc Now Expects FY21 Housing Completions To Increase To Around 9,800 Homes

LONDON (dpa-AFX) - Bellway Plc (BWY.L) issued trading update for the six months ended January 31, 2021, and reported first half volume output, with the completion of 5,656 new homes, an increase

Housebuilder Bellway enjoys stamp duty boost but warns on unemployment

Housebuilder Bellway enjoys stamp duty boost but warns on unemployment
thecourier.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecourier.co.uk Daily Mail and Mail on Sunday newspapers.

Bellway cashes in on property boom as it sells record number of homes

The FTSE 250 firm said it completed sales on 5,565 new homes in the six months to the end of January, a 6.3 per cent increase on the same period last year.

Bellway upgrades completion expectations

Housebuidler now says it will build around 9,800 homes in the year to July

Bellway s revenue jumps over 12% in the fiscal first half

The property developer values its net cash at £346 million. Bellway plc expects to sell 9,800 houses in total this year. Bellway plc (LON: BWY) said on Tuesday that house-and-flat sales in the fiscal first half jumped to a record high but said that the same momentum is unlikely to sustain in H2. Bellway shares were reported about 4% up in premarket trading on Tuesday but lost close to 1% on market open. The stock is now exchanging hands at a per-share price of £31.15 versus a low of £18.79 per share in March 2020 when the COVID-19 wreaked havoc on Britain’s housing market. The price action should come in handy if you are interested in investing in the stock market.

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