Edition:
United States

Bellway PLC (BWY.L)

BWY.L on London Stock Exchange

2,481.00GBp
18 Dec 2018
Change (% chg)

34.00 (+1.39%)
Prev Close
2,447.00
Open
2,437.00
Day's High
2,526.00
Day's Low
2,433.00
Volume
245,956
Avg. Vol
382,173
52-wk High
3,700.00
52-wk Low
2,407.00

Latest Key Developments (Source: Significant Developments)

British housebuilder Bellway Sees Moderate Price Growth In Year Ahead
Wednesday, 8 Aug 2018 02:00am EDT 

Aug 8 (Reuters) - Bellway PLC ::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.  Full Article

Bellway Says Jason Honeyman To Be Appointed As CEO From Aug 1
Friday, 27 Jul 2018 10:00am EDT 

July 27 (Reuters) - Bellway PLC ::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.  Full Article

Bellway says ‍mike Toms to retire as chairman of board committee on executive directors' remuneration
Tuesday, 24 Oct 2017 09:21am EDT 

Oct 24 (Reuters) - BELLWAY PLC ::‍MIKE TOMS, NON-EXEC DIRECTOR AND CHAIRMAN OF BOARD COMMITTEE ON EXEC DIRECTORS' REMUNERATION WILL RETIRE FROM BOARD AT CONCLUSION OF AGM​.‍JILL CASEBERRY, NON-EXEC DIRECTOR, WILL TAKE OVER AS CHAIR OF BOARD COMMITTEE ON EXECUTIVE DIRECTORS' REMUNERATION AFTER TOMS' RETIREMENT.  Full Article

Bellway says FY pretax profit was ‍560.7​ mln stg
Tuesday, 17 Oct 2017 02:00am EDT 

Oct 17 (Reuters) - Bellway Plc ::TOTAL DIVIDEND 122 PENCEPER SHARE.BELLWAY PLC - FY REVENUE ‍2,558.6​ MILLION POUNDS VERSUS 2,240.7 MILLION POUNDS A YEAR AGO.BELLWAY PLC - ‍ORDER BOOK AT 1 OCTHAS GROWN BY 17.4% TO £1,361.5 MILLION (2 OCT 2016 - £1,159.3 MILLION); COMPRISES 5,034 HOMES (2 OCTOBER 2016 - 4,701 HOMES)​.BELLWAY PLC - FY PROFIT BEFORE TAX ‍560.7​ MILLION POUNDS VERSUS 497.9 MILLION POUNDS A YEAR AGO.BELLWAY PLC - EXPECTS GROUP TO GROW VOLUME BY AT LEAST 5% AND OVERALL AVERAGE SELLING PRICE TO INCREASE TO AROUND £280,000 IN CURRENT FINANCIAL YEAR​.  Full Article

UPDATE 1-Housebuilder Bellway launches cost savings plan, profit up 14 pct

Oct 16 British housing developer Bellway Plc launched a cost savings program on Tuesday to boost margins after reporting a more than 14 percent rise in full-year pre-tax profit and reiterating a warning about future margins.