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The Latest Breaking News from Bellway

Housebuilder shares fall as competition watchdog opens investigation; UK retail sales slump eases – as it happened

The CMA has opened an investigation into eight housebuilders following evidence they may be sharing commercially sensitive information.

The Guardian - UK

UK housebuilder giants set for tumble in annual completion numbers, analysis shows

The housing industry has been grappling with various challenges from soaring mortgage costs hitting buyer demand, to the Help to Buy scheme closing to new applicants last October

Evening Standard

Bellway to slash number of homes built in 2024 and average selling price falls

London sales hold up better after the FTSE 250 firm concentrates on the outer zones

Evening Standard

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Secrets to success for first-time buyers, from spotting new neighbourhoods to using buying schemes and developer incentives

Getting on the property ladder is harder than ever, but hope is not lost thanks to affordable buying schemes and enticing incentives, as these excited new homeowners discovered

Evening Standard

Bellway cuts jobs in anticipation of UK property market slowdown

Prospect of higher mortgage rates and end of help to buy scheme leads housebuilder to shut two divisions

The Guardian - UK

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

The update comes in the same week Bellway said it is consulting on the closure of its London partnerships arm

Evening Standard

Bellway accused of 'vandalism' over damage to Stannington's playing fields

The issues with the site go back as far as 2007

Chronicle Live

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North East business life: charity, community and award events in the region

Organisations featuring this week include NEPO, Bellway, Kilfrost, the Student Law Office and Resolve Care

Birmingham Post

South Tyneside College in new talks for major housing development after Bellway Homes deal fails

South Tyneside College is in talks with another housing developer interested in buying the site

Chronicle Live

‘This could get worse before it gets better’ — New mortgage fears as gilt yields top mini-Budget levels

The latest surge in yields to 4.8% was triggered by stronger than expected jobs data

Evening Standard

Bellway reduces land buying amid significant drop in demand for housing

The firm has significantly reduced the number of sites it has bought, and cancelled previously approved locations

Birmingham Post

Land near Nottinghamshire leisure centre left a 'dump' after Travellers leave site

The council has confirmed that the group have now left

Nottingham Post

Property developer invests more than £2m into mid-Devon housing scheme

The Libbets Grange scheme, to be built by Bellway, will provide space for a new primary schools and rugby club

Birmingham Post

Stannington housing development 'looking better' after councillors slammed Bellway

Residents were forced to back a petition to solve issues on the site

Chronicle Live

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Birmingham Post

People on the move: key North East appointments and promotions

Companies welcoming new arrivals and promotions this week include End., Weightmans, RG, NEL Fund Managers and Bellway

Chronicle Live

Row continues over footpath for residents of new Cramlington estates

People living there have no safe pedestrian access to the town

Daily Record

Paisley protesters eye up court battle as more than 600 homes planned for Dykebar

Bellway Homes, Cala Homes and Barratt Homes were formally granted permission for their proposed Thornly Park village by the Scottish Government Reporter.

Evening Standard

Housebuilder Bellway sees signs of recovery from tough 2022 as buyers adjust to new normal for mortgage rates

“Customers are adapting to new mortgage rates which are around the 4% mark,” CEO Jason Honeyman said

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news in one place.

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Birmingham Post

Steep drop in reservations for Bellway as it launches £100m share buyback

The developer pointed to signs of recovery in the housing market as it hopes to deliver 11,000 homes this year

Evening Standard

FTSE 100 Live: FTSE closes at 7484, French bank raids, Next buys Cath Kidston

London’s main share index rose in morning trade, with banks once again keeping prominent slots on the leaderboard. However, much of the rally fizzled out as the day went on amid tax raids of a number of French banks, leaving the FTSE around where it started the day.

Birmingham Post

People on the move: key North East appointments and promotions

Companies and organisations featuring this week include Bellway, SMD and North East Screen

Birmingham Post

North East business life: charity, community and award events in the region

Companies featuring in this week's round-up include Bellway, Newcastle Building Society and Sage Foundation

Birmingham Post

Northern housebuilders Bellway and Persimmon sign up to post-Grenfell safety scheme

The companies have committed to the Self-Remediation Terms that will cost them hundreds of millions of pounds

Birmingham Post

Bellway pays £100,000 to charities for dumping contaminated soil at Northumberland housing estate

Bellway Homes will pay £50,000 to Northumberland Wildlife Trust, £30,000 to Wear Rivers Trust and £20,000 to Tyne Rivers Trust

Birmingham Post

Persimmon forecasts big drop in housebuilding in 'uncertain' market

The York-based firm has reported revenues of £3.8bn in 2022

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