Builders and building materials
Bellway lifts dividend as profits rise despite Brexit uncertainty and cost pressures
Bellway's margins have come under pressure from rising cost pressures but the housebuilder is taking action to deliver savings
Company
Bellway PLC
LON:BWY
Bellway PLC is a holding company. The Company, through its subsidiaries, is engaged principally in house building in the United Kingdom. The Company is a volume house builder selling primarily in the private market and trading nationally in areas of high population. It also acquires and sells second hand homes taken in part exchange.
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Wednesday to bring news from house builders as Bellway reports interims
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Builders and building materials
Bellway knocked to ‘add’ from ‘buy’ by Peel Hunt as share price bounce leaves less upside
The downgrade followed a record first half for the housebuilder, who reported in a trading update on Thursday that total revenue for the period is expected to be up by more than 12% to just shy of £1.5bn from £1,324.4mln the year before
Bellway hails record first half sales despite a rise in cancellation rates
The measured use of incentives has continued on certain sites. These have been generally focussed towards higher value plots, where the group has limited exposure and where sales rates tend to be a little slower
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FTSE 100 joins global equity markets to close lower
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Builders and building materials
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Don't bet your house on the housebuilders
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Builders and building materials
Bellway upgraded to 'buy'; Deutsche Bank says fears over the London effect are overdone
"With a strong reputation (repeated upgrades, conservative asset allocation allowing dividend payments every year since listing) and >20% NTAV growth pa to 2020E, we see the current share price as a good entry point into Bellway," said Deut
FTSE 100 journey in the red continues as it closes down around 47 points
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Builders and building materials
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HSBC will ring down the curtain on the bank's interim reporting season, but other financials also in focus
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House-builders have fallen into buying range
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Builders and building materials
Now the roof has fallen in a bit, is it time to buy house-builders?
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Investments and investor services
FTSE 100 closes higher as European Central Bank message cheers markets
The FTSE 100 has clawed back all of this morning's losses and some, while the ECB has unveiled plans to end its quantitative easing programme in December
Builders and building materials
UK housebuilders feel the pinch as sector stagnation pressures margins
Despite a contrasting set of numbers today from Crest Nicholson and Bellway, there remains similarity regarding the housing markets’ slowdown and its effect on their balance sheets
Builders and building materials
Bellway reiterates 10,000 home target as trading environment remains favourable
The property developer said anticipated volume growth of around 600 homes in the full year would enable it to complete the sale of more than 10,000 homes for the first time
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Housebuilders in focus on Tuesday, but fashion updates eyed too
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All eyes to be on trading news from Tesco - although investors have to wait until Friday
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Builders and building materials
Buoyant Bellway on track to build 10,000 new homes
For the six months to the end of January, it built 4,741 units
Investments and investor services
FTSE 100 closes higher as traders await US interest rate decision
The Footsie has been in consolidation mode for most of the day
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UK inflation data could provide signpost to upcoming Bank of England rate hikes
Day ahead includes February UK inflation numbers, plus results from housebuilder Bellway PLC, online grocer Ocado PLC, and oil services firm John Wood Group PLC
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Markets await interest rate decisions from Bank of England and Federal Reserve
The week ahead includes policy announcements from the Bank of England and Federal Reserve along with corporate earnings from Bellway, Next, Ted Baker, Kingfisher and Wood Group
Investments and investor services
FTSE 100 ends in red after lacklustre session
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Builders and building materials
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Investments and investor services
FTSE 100 closes firmly lower as strong pound weighs
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Smith & Nephew, Bellway and Compass to provide Thursday’s City highlights
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Bank of England rate decision eyed, plus numbers from blue chips BP and Glaxo in coming week
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Builders and building materials
Travis Perkins shares drop as JPMorgan downgrades stock in review of housebuilders
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Yellen & Co in focus as Fed looks set to raise rates; TUI, Dixons Carphone, Bellway to update
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Builders and building materials
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Barclays downgrades a trowel-full of house-builders ahead of Budget
House-builders have had a great run this year, and it may be time to bank profits-or at least stop buying more stock
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Builders and building materials
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The FTSE 100 index closed down 10.8 at 7,516 on the day
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ASOS's guidance for current year the main focus
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Builders and building materials
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In an update for the year ended 31 July, the FTSE 250-listed group said its full-year housing revenue is expected to increase by over 13% to £2.5bn, up from £2.2046bn in 2016.
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Paddy Power Betfair and the final hurdle for CEO Breon Corcoran
Is Corcoran leaving on a high or getting out while the going's good?
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Insurers and fund mangers in the earnings frame, notably Standard Life, Prudential and L&G
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Patience still a virtue for Aurora Investment Trust
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Builders and building materials
Galliford Try shares rise as Liberum initiates stock at 'buy' with positive outlook on housing market
UK house price growth is likely to continue, albeit at a slower pace, as the sector proves resilient amid Brexit uncertainty, according to Liberum
Builders and building materials
Housebuilders construct some good gains after first post-election trading update proves reassuring
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Builders and building materials
Bellway shares jump as builder says demand did not slow in the run-up to the general election
The housebuilder said it saw a 13% increase in its reservation rate to 221 per week in the period from February 1 to June 4, up from 196 per week a year earlier.
FTSE 100 reverses gains to close lower ahead of US rate decision
Bellway's bullish trading statement sparked buying activity across the sector
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Housebuilder Bellway to give clues on economic state of the nation after Mayday
The market will be looking to see if the momentum it had built up earlier in the year has continued
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Tesco set for strongest quarter in seven years
Week ahead: Tesco, Merlin Entertainments, Capita, Bellway,
JPMorgan Cazenove turns positive on Redrow, Countryside, but neutral on Bovis and Crest Nicholson
The US bank’s analysts upgraded their ratings for both Redrow and Countryside to ‘overweight’ from ‘neutral’, but reversed their stance on Bovis and Crest the other way, down to ‘neutral’
Liberum Capital more cautious on UK housebuilders despite raising forecasts, targets across the sector
The analysts said they have raised earnings per share forecasts for the housebuilders by around 10% for 2017 and 15% for 2018 as its house price inflation forecasts rise to +3% in 2017 and +1% in 2018, reflecting improved UK economic foreca
Redrow lauds "strong year-to-date performance", with orders, completions, selling prices up
The FTSE 250 firm said its “trading and performance continues to be robust, as a consequence of a record order book and a further increase in legal completions, combined with better than anticipated increases in average selling prices.”
Builders and building materials
Brexit bloodbath fails to arrive for the UK housebuilders, with Bellway the latest to report robust numbers
With over a 2% rise this morning following its first-half results, Bellway’s shares on the FTSE 250 index now stand above where they were before June’s Brexit vote
Builders and building materials
Housebuilder Bellway posts robust rise in first-half profits, says “ongoing customer demand is strong”
The FTSE 250-listed firm reported a 9.3% rise in pretax profit to £247.6mln for the half-year to January 31 2017, up from £226.6mln a year earlier
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Make mine a double as Fevertree reports
More good news is expected from star mixer group Fevertree
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Next firmly on the back foot as shoppers batten down hatches
Week ahead: Next, Kingfisher, Smiths Group ,Satellite Solutions ...
Builders and building materials
No Brexit blues for Bellway
Despite the uncertainty surrounding last June’s referendum, the housebuilder has enjoyed a solid six months
Investments and investor services
FTSE pares gains as sterling rises on rate talk
FTSE 100 stocks pared gains into the Tuesday close after sterling recovered against the US dollar
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Day ahead: Oil giant BP to show quarterly improvement as write-downs drop-out
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FTSE 100 shares soft but Randgold and small caps jump
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Week ahead: BP and Glaxo to continue trading trends for oil and drug giants
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Brexitwatch - EU leaders spend just 20 minutes on Brexit
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Builders and building materials
No Brexit worry - Housebuilder Bellway reports a 7% rise in its reservations rate
In a trading statement ahead of the FTSE 250-listed firm’s AGM later today, chief executive Ted Ayres said: “The Group has made an encouraging start to the financial year and customer demand for new homes continues to be robust."
Investments and investor services
FTSE 100 shares extend gains as Wall Street rallies
FTSE 100 shares extended gains in the second half of Tuesday to close comfortably up in tendem with record-breaking gains on Wall Street
Archive
Will Carpetright be able to halt its slide?
Unlikely given the last trading update, but it might be able to slow the downward spiral
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Week Ahead: Bellway expected to have put in solid finish to eventful year
Big names reporting include Bellway, Dixons Carphone, John Wood Group, Go-Ahead Group, PZ Cussons and Berendsen
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Burberry not in fashion, according to broker Liberum
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Builders and building materials
Bellway blows away Brexit blues in another year of growth
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Goldman Sachs says sell Tesco; Morgan Stanley more bearish on Centrica
“Our key concern is that cash generation does not support [the] valuation,” the Wall Street investment bank said.
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Brokers: Upgrades all round for housebuilders
UK housebuilders were in favour with the brokers after a survey showed sentiment is strong in the housing industry
UK shares close lower as oil and bank stocks sink
London shares closed lower on Tuesday after a session where it only briefly rose on the day, thanks to lower oil and bank stocks
London shares end lower but 90 points up in August
London shares ended Wednesday lower but finished the month around 90 points higher
Builders and building materials
Bellway encouraged by post-Brexit trading patterns
Have faith in the land bank and the balance sheet is the message from the houses builder
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Brokers: Deutsche downgrades housebuilders
Despite downgrading a whole host of housebuilders on Tuesday, Deutsche Bank said it was still positive about the sector and was merely adjusting its estimates to reflect Brexit uncertainty
Fund managers and housing stocks plunge in wake of Standard Life property fund suspension
Investors won’t be able to buy or sell units in the fund until further notice. The managers are looking to raise cash by selling off some of the portfolio.
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Deutsche takes the axe to staffing stocks
The broker moves both recruiters Hays PLC and Michael Page International to 'sell' from 'hold'.
PREVIEW - Sainsbury's investors warned on difficult second half
The bank says the stock appears affected by downward momentum as underlying sales are falling at a crucial time.
Investments and investor services
Deutsche Bank downgrades Standard Chartered
Deutsche analyst David Lock said Tuesday’s share price rally was not justified by the bank’s revenue outlook or forecasts through to 2018 – Weir Group Plc, Cobham Plc and the UK house builders were also in the broker spotlight.