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The Latest Breaking News from Bellway

Bellway walks away from £720m Crest Nicholson takeover bid

UK housebuilder said it did not intend to make a firm offer for its smaller rival after months of negotiations

The Guardian - UK

Housebuilder says UK consumer confidence has returned amid cheaper mortgage rates

Bellway also cites easing of inflation as factor in company exceeding construction target for past year

The Guardian - UK

Falling mortgage rates fuelling housing demand after tougher year, Bellway says

The firm said it was optimistic about the future of the property market despite a 30% drop in the number of homes it sold over the past year.

The Independent UK

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Barratt to build fewer houses this year despite Labour pledge to fix shortage

Housebuilder cites economic and political uncertainty as expected number of completed homes drops by up to 7%

The Guardian - UK

Crest Nicholson board: Bellway offer 'significantly undervalues' business

Crest shares jumped today after the bid was revealled

Evening Standard

FTSE 100 Live 14 June: Tesco sales boost ahead of AGM, Crest Nicholson updates on Bellway bid

Tesco shareholders are today having their say on the £9.9 million pay package awarded to boss Ken Murphy.

Evening Standard

UK house prices stabilise as rising wages and consumer confidence steady market

Average price of a home dipped by 0.1%, says Halifax, bringing cost of typical property down to £288,688

The Guardian - UK

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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

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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Birmingham Post

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

Chronicle Live

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

Evening Standard

‘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

Birmingham Post

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

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Nottingham Post

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

The council has confirmed that the group have now left

Birmingham 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

Chronicle Live

Stannington housing development 'looking better' after councillors slammed Bellway

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

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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