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Evening Standard
Evening Standard
Business
Joanna Hodgson

Housebuilder Bellway looks to reduce headcount and warns legal completions set to fall ‘materially’

Bellway Help to Buy United Kingdom

Bellway has cautioned home sale completions are expected to decrease “materially” this year, after the loss of Help to Buy and the UK housing slowdown hurt the builder’s reservation levels and revenues.

The FTSE 250 company, one of Britain’s largest housebuilders, said weekly reservation rates tumbled 28.4% in the year to July 31.

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