Bellway Plc Unsponsored ADR (BLWYY)
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Is Bellway (BLWYY) Stock Outpacing Its Construction Peers This Year?
Here is how Bellway (BLWYY) and Dycom Industries (DY) have performed compared to their sector so far this year.
Bellway p.l.c. (BLWYF) Q4 2024 Earnings Call Transcript
Bellway p.l.c. (OTCPK:BLWYF) Q4 2024 Results Conference Call October 15, 2024 4:00 AM ET Company Participants Jason Honeyman - Chief Executive Keith Adey - Group Finance Director Simon Scougall - Chief Commercial Officer Conference Call Participants Ami Galla - Citi Will Jones - Redburn Atlantic Chris Millington - Deutsche Numis Aynsley Lammin - Investec Glynis Johnson - Jefferies Clyde Lewis - Peel Hunt Alastair Stewart - Progressive Sam Cullen - Peel Hunt Marcus Cole - UBS Jason Honeyman Good morning, and welcome to Bellway's Full Year Results.
Bellway jumps on house market recovery optimism
Bellway PLC (LSE:BWY) shares surged over 6% on Tuesday after the company reassured trading was improving thanks to a recovery within the housing market. Though the FTSE 250-listed housebuilder reported a 62% slump in profit for 2023, lower mortgage rates were said to have boosted demand more recently.
Bellway assures on housing recovery as dividend slashed with profit slump
Bellway PLC (LSE:BWY) has said improving housing market conditions over the coming year will lead to a “material increase” in volumes after firming up a slump in revenue and profit for 2024. Revenue for the year to July fell 30% to £2.38 billion, in line with a 30% drop in completions to 7,654, Bellway reported on Tuesday.
Bellway needs assured tone in finals after Vistry misstep
Bellway PLC (LSE:BWY) should be in a good position to benefit from the government's housebuilding plans but the same could have been said about peer Vistry before this week's shock warning. Granted, Vistry's issues look very company-specific and in its last update, in August, Bellway was reasonably confident about the outcome for its year.
Is Bellway (BLWYY) Outperforming Other Construction Stocks This Year?
Here is how Bellway (BLWYY) and Knife River (KNF) have performed compared to their sector so far this year.
Bellway higher after investment bank valuation upgrade
Shares Builder Bellway PLC (LSE:BWY) opened higher after a leading investment bank raised the stock valuation and lauded the builder's strategy. Deutsche Bank moves its target to 3362p, up from 3013p, citing the company's strong position in the UK housing market.
All You Need to Know About Bellway (BLWYY) Rating Upgrade to Buy
Bellway (BLWYY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Bellway well position to benefit from housing rebound, says Citi
Citi has renewed its buy rating on housebuilder Bellway PLC (LSE:BWY), citing its “good foundation for growth”. The group “remains well positioned to benefit from a housing market recovery with the ambition to drive significant volume growth over the (medium term), underpinned by a well-invested landbank and healthy balance sheet”, said Citi analysts.
Bellway ditches bid for Crest Nicholson
Bellway PLC (LSE:BWY) has scrapped plans to launch a £720 million takeover bid for rival housebuilder Crest Nicholson PLC (LSE:CRST). After the deadline for a firm bid to be made was extended last week, Bellway said on Tuesday that it no longer intended to make an offer for Crest.
UK homebuilder Bellway walks away from Crest Nicholson takeover proposal
UK homebuilder Bellway said on Tuesday it has decided to walk away from its 720 million pounds ($920.74 million) takeover proposal for FTSE midcap peer Crest Nicholson.
Bellway says 'consumer confidence has returned' as housebuilder hits targets
Bellway PLC (LSE:BWY) slightly exceeded its housebuilding targets in its 2024 financial year, completing 7,654 homes against a previously set target of 7,500. The average house sold for £308,000 in the year, which was also slightly above guidance, leading to total group revenues of £2.35 billion.
