BELLWAY

Bellway expects Andy Burnham’s Your First Home scheme to boost volumes and could drive completions back toward 10,000 homes a year, CEO Jason Honeyman said. The builder is targeting 9,000–9,400 homes for the current year, with a forward order book of 4,981 homes worth £1.4bn and an average selling price expected to remain around £325,000. For the year to 31 August Bellway reported revenue of £3.16bn (up 13%) and underlying pre-tax profit of £305.7m (up 5.7%). Honeyman said the scheme could raise volumes by c.10% and support a return on equity of about 15%. » More on theguardian.com

Bellway closed the year to 31 July 2026 having completed 9,695 homes, beating the raised forecast of 9,300–9,500 units. Revenue rose by more than 13% to £3.14bn, while adjusted operating profit increased slightly to around £320m. Margins, however, came under pressure due to a higher proportion of lower‑margin large sales. Management warned of subdued customer demand because of persistently high mortgage rates and uncertainty around the UK budget, after which the stock came under light selling pressure. » More on de.investing.com

Bellway has appointed Philip Harrison as an independent, non-executive member of the board of directors with effect from 1 July 2026. Harrison will join the audit, nomination and remuneration committees and will chair the audit committee before Ian McHoul leaves the board in November. Harrison was CFO at Balfour Beatty for more than ten years, held senior roles at Hogg Robinson Group and VT Group, and holds 2,019 shares at the time of the announcement. » More on de.investing.com