BELLWAY

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

Bellway reported 4,702 completed homes for the first half of 2026 (+2.7%) and an average selling price of £322,000, raised the interim dividend by 9.7% to 23 pence, and plans to lift full-year completions to 9,300–9,500. Gross margin fell slightly to 16.2% and operating margin to 10.5%, signalling margin pressure. Despite positive production and guidance steps, the share price plunged 9.66% to 1,914 pence during the earnings call as investors voiced concerns about margins and market conditions. Management plans further investment in land and timber-frame construction to boost efficiency. » More on de.investing.com