BUZZ-UK's Bellway falls; analysts see tempered market expectations for FY26

Reuters02-11
BUZZ-UK's Bellway falls; analysts see tempered market expectations for FY26

** Shares of homebuilder Bellway BWY.L fall as much as 6.1% to 2,390p

** Stock top pct loser on FTSE 250 .FTMC index which is little changed

** Bellway says it remains on track to meet its expectations for the year ending July 31

** Says it was mindful of affordability concerns despite a seasonal pick-up in customer enquiries and reservation rates

** Analysts believe market expectations for the next fiscal year will be tempered, given trends of increasing build cost inflation and expected flat pricing

** Market estimates for FY26 pre-tax profit is likely to be cut by about 8% to 10%, Investec analyst Aynsley Lammin says

** Bellway's sector peers Barratt Redrow BTRW.L, Persimmon PSN.L, Taylor Wimpey TW.L and Vistry VTYV.L down 1.8% to 2.2%

** Stock down about 15% over the last 12 months

(Reporting by Aby Jose Koilparambil in Bengaluru)

((abyjose.koilparambil@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment