Friday, Bellway Plc (BWY.L), in its trading update, said the Group has completed the sale of 2,247 homes at an average selling price of £156,000, with the operating margin for the six months being around 6%. The margin for the full year is estimated to be at the higher end of the 6% - 7% range. It is expected that there will be no exceptional items included in the interim results.
The order book at 31 January stood at £390 million, representing 2,506 homes of which 706 are for the following financial year. The Group said it has now sold or reserved 92% of this year's current target and the next six weeks' reservation pattern will determine whether this target will be increased. Reservations in the first six months have averaged 85 per week which compares to 65 in the same period last year and 104 from February to July 2009.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.