0856 GMT - Bellway's performance update corroborates peers' views that there are signs of improving customer demand, RBC Capital Markets analysts Anthony Codling and Oliver Dyson say in a note. Although the U.K. home builder's 1H performance wasn't spectacular, with a few metrics slightly below last year's, management reiterated guidance. Shares closed Monday at 25.44 pounds, pricing the builder's assets at slightly less than they are worth. This is in line with how building industry peers are being priced, the analysts say. "Today's announcement doesn't support the recent underperformance and Bellway typically views the glass as half empty so we would expect the shares to make up some [of] the ground it has lost this year." Shares are up 3.1% at 26.24 pounds. (anthony.orunagoriainoff@dowjones.com)

(END) Dow Jones Newswires

February 10, 2026 03:57 ET (08:57 GMT)

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