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Nov 4 2025, 07:00 GMT
Bellway has become laser-focused on asset turn and returns as the stuttering recovery in the UK new homes market continues. We now see the potential for the recovery to re-accelerate in 2026 and for us to become more constructive on UK homebuilding. Bellway is our top sector pick with >40% upside to the target price.
Nov 4 2025, 07:00 GMT