Finance
British homebuilder Bellway raises dividend, launches buyback after upbeat annual profit
Published by Global Banking and Finance Review
Posted on October 14, 2025
Editorial & Advertiser disclosure
Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
(Reuters) -British homebuilder Bellway raised its dividend and announced a 150-million-pound ($199.20 million) share buyback on Tuesday after its annual pretax profit beat expectations, buoyed by strong demand during the spring selling season.
The group, however, has flagged a slower start to its new fiscal year, citing weak consumer sentiment and affordability concerns ahead of the UK budget next month.
Bellway increased its ordinary dividend by 29.6%, raising it to 70 pence per share from 54 pence in the previous year.
Stubborn inflation and high borrowing costs have reignited affordability challenges in the housing market, putting pressure on Bellway. The homebuilder is banking on increased government support, including multi-billion-pound investments to boost housing supply, to drive home completions and profit growth this year.
Still, concerns over potential stamp duty hikes in Britain's finance minister Rachel Reeves's November budget have fuelled fears of a deeper downturn in new-home sales, compounding pressure on the sector.
Bellway's warning echoes those of its rivals, including Taylor Wimpey, Barratt Redrow and Vistry, all of whom have flagged a challenging start to the autumn selling season and flagged persisting pressures on demand.
In the 10 weeks since August 1, Bellway's private reservation rate per outlet every week, including bulk sales, fell to 0.51 from 0.60 a year earlier.
Bellway reiterated its expectations to complete 9,200 homes in the fiscal year through July 2026, supported by a strong order book and numerous sales outlets.
The company reported an underlying pre-tax profit of 289.1 million pounds for the year ended July 31, exceeding analysts' expectations of 282.04 million pounds, according to data compiled by LSEG.
($1 = 0.7530 pounds)
(Reporting by Raechel Thankam Job in Bengaluru; Editing by Sherry Jacob-Phillips)