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Oct 14 2025, 08:07 IST/BST
Bellway plc
FY25 ahead of expectations; £150m buyback launched
- Sectors : Construction and Housebuilding
- Companies : Bellway plc
DAVY VIEW
Bellway’s FY25 is just over 2% ahead of expectations, driven by a slightly better margin performance. The FY26 margin is guided slightly below current expectations, and we see very modest downside risk to 2026 estimates; FY27 is similarly better from a volume perspective. A new £150m buyback programme also signals the beginning of multi-year return of surplus capital.
