Bellway faces macroeconomic and cladding challenges despite robust interims, claim analysts

Bellway Castle Grange Ebbsfleet CGI

Housing developer Bellway has posted a near 10% rise in half-year profit despite the ongoing impact of Covid-19 restrictions and rising material costs for the period.

During the six months to the end of January, pre-tax profit rose 9.8% to £307.8m, off the back of a 3.5% rise in revenue to £1.78bn.

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