Bellway's Performance Gives the Sector Grounds for Optimism -- Market Talk

Dow Jones
2025/10/14

0805 GMT - Bellway's positive performance and 150 million-pound buyback provide some grounds for optimism while the housebuilding sector remains on shaky foundations, Interactive Investor's Richard Hunter says. The London-listed housebuilder's land bank plots rise 0.4% to 95,704 and include contracts to buy 8,120 plots during the year. This shows its financial agility to move when it sees plots emerging, Hunter says. Still, the stock remains 33% below February 2020's prepandemic peak, underlining the scale of the revival it needs, he says. "Even so, investors are tending to recognize the recovery potential, and the share buyback program announcement is an unexpected bonus," he adds. Shares are up 4.6% at 2,592 pence. (anthony.orunagoriainoff@dowjones.com)

 

(END) Dow Jones Newswires

October 14, 2025 04:06 ET (08:06 GMT)

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