Bellway plc (BWY.L) in its Interim Management Statement for the four months to 30 November 2009 said reservations taken in the period 1 August to 30 November 2009 averaged 91 per week, 51% ahead of the same period last year, and from an average of 176 sites, compared to 171 sites in 2008.
Cancellation rates have reverted to a more normal level of around 13% with the average selling price of reservations taken some 16% ahead of the same period last year.
Moving ahead, the company's Board anticipates that sales volumes for the first six months ending 31 January 2010 will be 10% ahead of the same period last year, and that an operating margin of 6% to 7% will be maintained.
Further, the operating margin for the year is likely to be towards the higher end of the range of 6% to 7% given at the time of the company's preliminary announcement in October, should current market conditions continue to prevail throughout 2010.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.