Rates Rise May Upset Bellway

Summary


Housebuilder Bellway, which has a number of developments in the West Midlands, has reported record half-year profits of more than pounds 100 million.

The company said it was benefiting from operating in a "stable, but competitive" housing market.

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Extract


Rates Rise May Upset Bellway

However, it has warned the situation could be upset if a further interest rate rise impacts on the housing sector.

The record figure of pounds 100.8 million ...

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