Bellway beats build target despite weaker buyer demand

Bellway exceeded its annual completions target after a late surge in bulk sales helped lift housing output by 11% and drove a sharp improvement in cash generation despite a weaker sales market.
The house builder completed 9,695 homes in the year to 31 July, ahead of its previous guidance of 9,300 to 9,500 homes.Despite being one of the few volume builders to surpass completions targets chief executive Jason Honeyman urged ministers to stimulate demand as the market continues to weaken.He called