Bellway faces housing difficulties
Your support helps us to tell the story
This election is still a dead heat, according to most polls. In a fight with such wafer-thin margins, we need reporters on the ground talking to the people Trump and Harris are courting. Your support allows us to keep sending journalists to the story.
The Independent is trusted by 27 million Americans from across the entire political spectrum every month. Unlike many other quality news outlets, we choose not to lock you out of our reporting and analysis with paywalls. But quality journalism must still be paid for.
Help us keep bring these critical stories to light. Your support makes all the difference.
Bellway faces housing difficulties
Housebuilder Bellway warned that conditions since the beginning of the current financial year had remained difficult but an increase in the number of developments meant private house sales were up on the same period last year. Planning delays were having an adverse effect on return on capital and with the challenging market conditions was putting pressure on margins. Pre-tax profits in the year to July were pounds 34m (pounds 28m), struck from sales of pounds 267m (pounds 201m). Earnings per share were 21.4p (17.3p).
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments