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By Michael Susin Bellway has warned of a decrease in home completions in the fiscal year ahead after housing revenue fell in line with guidance in fiscal. ....
European markets have risen despite figures showing China in deflation territory. The 0.3% year-on-year decline in consumer prices for July comes a day after poor trade figures, when exports and imports both declined by double-digit percentages. Today’s corporate results include a profitable half year for Paddy Power owner Flutter Entertainment after it benefited from strong growth at its US-based FanDuel sports betting business. ....
UK housebuilder Bellway on Wednesday delivered a pessimistic outlook on near-term trading, blaming current “challenging” market conditions on the recent surge in mortgage rates and the end of the Help-to-Buy scheme. ....
By Michael Susin and Joe Hoppe Bellway has warned of a decrease in home completions in the fiscal year ahead after housing revenue fell in line with guidance. ....