BRIEF-Bellway has "encouraging" start to second half

LONDON, June 7 Fri Jun 7, 2013 2:04am EDT

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LONDON, June 7 (Reuters) - Bellway PLC : * Performance since the beginning of the second half of the financial year has

been encouraging * Reservations since 1 February averaged 160 per week, a 31 percent up on the

same period last year * Group should achieve around a 200 basis point improvement in the operating

margin, versus 11.4 percent last year