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Evening Standard
Evening Standard
Holly Williams

Bellway shares hit as full-year earnings outlook disappoints

Bellway the Middle East Middle East
Housebuilder Bellway has seen its shares come under pressure after cutting its profitability outlook and flagging volatility in the mortgage market due to the Iran war (PA) - (PA Archive)

Housebuilder Bellway has seen its shares come under pressure after cutting its profitability outlook and flagging volatility in the mortgage market due to the Iran war.

The Newcastle-based group said it was on track for full-year earnings of between £320 million and £330 million, up from £303.5 million the previous year but lower than the £334 million expected in the market.

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