Crest Nicholson set to accept £720m Bellway bid as housebuilders eye tie-up Crest Crest Nicholson is set unanimously to recommend a revised all-share offer from rival FTSE 250 housebuilder Bellway that values the firm at £720m.
Crest Nicholson and Bellway tie-up shows ‘logic’ say investors PROPERTY Housebuilders are consolidating to expand their land banks ahead of a potential market upturn, expected once higher interest rates stabilise.
Crest Nicholson: Bellway’s bid ‘significantly undervalued’ housebuilder Housebuilders Bellway yesterday went public with the news it had tabled a bid on 7th May for its smaller rival in the latest of a flurry of consolidation efforts
Housing market on the mend as Bellway reports ‘robust’ spring trade June 7, 2024 "Bellway remains in a strong position to return to growth in financial year 2025," he added.
Bellway reports signs of life in the housing market as buyers return in February March 26, 2024 Shares in Bellway are down in early trade after the housebuilder revealed a fall in housing completions and profits during the interim.
FTSE 100 close: London closes another disappointing week in the red February 9, 2024 Shares in Tesco climbed after Barclays confirmed that it was buying the supermarket's retail banking arm for around £600m.
Bellway optimistic on housing market despite slump in revenue and completions February 9, 2024 Bellway Homes is hoping the UK housing market will support a "recovery" year for its operations
Shares tumble for struggling FTSE housebuilders: ‘The scale of challenge cannot be swept under carpet’ July 13, 2023 The share price of London FTSE 100 and FTSE 250 house builders all took a tumble this morning, as fresh reports highlighting the state of the property market dampened investor confidence. Barratt was the hardest to fall this morning, with its shares sliding 4.67 per cent, as the group reported a 49 per cent decline [...]
Bellway on track after strong spring selling period but uncertain rate environment poses challenges June 13, 2023 FTSE 250 Bellway is on track to meet its guidance for the full year after a strong spring selling season even as sales remain well below last year. From the beginning of February to 4 June, the reservation rate averaged 190 homes per week compared to 253 in the same period last year, a fall [...]
Bellway: How a spring uplift in the property market is giving housebuilder cause for optimism March 28, 2023 Bellway has said homebuyer demand has started to improve after seeing reservations plunge by nearly 50 per cent due to soaring mortgage rates. The housebuilder group, whose headquarters are in Newcastle, reported underlying pre-tax profits falling 4.6 per cent to £312.1 million for the six months to January 31. It delivered record revenues, up 1.6 [...]