Bellway Plc

Bellway's shares fell over 8% after operating margin slipped to 10.5% despite a 6.3% revenue increase to £1.52 bn. Administrative expenses rose 12.2% to £86.3 m, pushing full‑year cost guidance to £17

Bellway's shares fell over 8% after H1 2026 operating margin slipped to 10.5% from 11% despite revenue rising 6.3% to £1.52 bn. Administrative expenses jumped 12.2% to £86.3 m, prompting a full‑year c

Bellway's underlying operating margin fell to 10.5% in H1 FY26, down from 11% YoY, as admin costs rose 12.2% to £86.3m. Revenue grew 6.3% to £1.52bn and completions rose 2.7% to 4,702 homes, with aver