BLWYY / Housing market proving not as bad as feared, says broker, seeing most upside for Vistry, Bellway, Gleeson

Bellway p.l.c. (OTCPK:BLWYF) Q4 2023 Earnings Conference Call October 17, 2023 4:30 AM ET Company Participants Jason Honeyman - Chief Executive Keith more_horizontal

Despite Bellway PLC (LSE:BWY) reporting weaker demand trends and cost inflation squeezing its profit margins, shares in the housebuilder rose on Tues more_horizontal

Revenues and profits fell during the 12 months to July as completions and asking prices both reversed. more_horizontal

Bellway said demand for its houses has slumped by almost a third in recent months with its order book down more than 40% from the level of a year ago. more_horizontal

The housing market and specifically housebuilders Bellway PLC (LSE:BWY) and Barratt Developments PLC (LSE:BDEV) will be under the microscope again, wi more_horizontal

Bellway plc (LON: BWY) says it will build fewer homes in its current financial year. Its shares are down more than 2.0% on Wednesday. more_horizontal

The market seemed little moved by builder Bellway PLC (LSE:BWY)'s departure from the script in the battered housebuilding sector with the shares trad more_horizontal

British housebuilder Bellway Plc on Tuesday announced a share buyback programme worth 100 million pounds ($123.1 million) after posting a lower half-y more_horizontal