logo
Share SHARE
FONT-SIZE Plus   Neg

Bellway Issues 6-month Trading Update - Quick Facts

Bellway Plc (BWY.L) provided trading update for the period from August 1, 2011 to January 31, 2012.

The company noted that during the period, it completed the sale of 2,455 homes, an increase of 5%, driven by completions of private sales, which have risen by a healthy 15%. This increase in the proportion of private completions, combined with other changes in mix, has resulted in the average selling price of all completions increasing by 8.7%. The Board expects that the average selling price will grow further, albeit at a slower rate, during the remainder of the financial year.

Besides, operating margin continues its improvement and is set to reach double digits for the six months to January 31. According to Bellway, this rate of improvement has now slowed and although the operating margin should continue to grow, it will do so at a more sustainable pace.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Yamaha Motor Co. is planning to recall multiple three-cylinder motorcycle models due to a safety issue with the lower handlebar, Asphalt & Rubber has reported. According to the report, the stud bolt threads might not have enough thread-locking agent applied to them due to the lower handlebar being improperly painted. Uber is closing its ride-hailing services in Denmark next month, citing upcoming changes in regulations that would make its app unworkable for consumers. The San Francisco-based company said in a blog post that it will close its services on April 18, 2017, as the new laws currently being proposed in Denmark will not allow drivers to use their privately owned cars for ride sharing. Breitbart News' request for permanent congressional press passes was denied on Monday, citing concerns about the website's links to the White House and the Republican mega-donor family the Mercers. The U.S. Senate Daily Press Gallery, comprised of a group of five reporters, denied the Capitol Hill press credentials saying members were not satisfied with the given information about its connections.
comments powered by Disqus
Follow RTT