Bellway suffers profit fall in first half

Bellway Castle Grange Ebbsfleet CGI

Housebuilder Bellway has reported a fall in half-year profits and revealed a £100m share buyback.

The company posted an underlying pre-tax profit for the six months to the end of January which fell 4.6% to £312m, despite a 1.6% rise in revenue to £1.8bn.

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