Bellway gains on signs of improving spring selling demand

Bellway

10/02/2026 08:39

Feb 10 (Reuters) - ** Shares of British homebuilder Bellway BWY.L up 3.5% at 2,632p

** Co reported early signs of improving customer demand in early weeks of the spring selling season after a subdued autumn period

** H1 2026 total housing completions was at 4,702, up from 4,577 in prior year and higher than RBC Capital Markets consensus of 4,646

** On track for housing completions target of about 9,200 for fiscal 2026 with underlying operating margin of around 11%

** "1H26 revenue a touch ahead of expectations driven by better mix on selling price, and reiteration of FY26 Op profit consensus should reassure" - Jefferies

** So far in 2026, the stock has fallen ~7%

(Reporting by Neeshita Beura in Bengaluru)

((Neeshita.Beura@thomsonreuters.com))