Bellway (BWY)

Sector:

Household Goods

Index:

FTSE 250

1,906.50p
   
  • Change Today:
    -171.50p
  • 52 Week High: 4,310.00
  • 52 Week Low: 1,879.00
  • Currency: UK Pounds
  • Shares Issued: 123.34m
  • Volume: 719,484
  • Market Cap: £2,351.44m
  • RiskGrade: 357

No 'starter' homes built under Tory 2015 election pledge - NAO

By Frank Prenesti

Date: Tuesday 05 Nov 2019

LONDON (ShareCast) - (Sharecast News) - The Conservatives have failed to build a single "starter" home despite a 2015 manifesto pledge target of 200,000, the government's spending watchdog said on Tuesday.
In a hard-hitting report, the National Audit Office (NAO) said money set aside to build homes for first-time buyers under the age of 40 had been funnelled to other priorities, largely land sales to private developers.

It added that the government effectively no longer had a budget for the project and not all the necessary legislation related to the scheme had been enacted.

The Tories, under then prime minister David Cameron, promised to build the homes in their 2015 election manifesto. Homes would be offered at a 20% discount with £2.3bn set aside for construction of the first 60,000 dwellings.

However, the NAO investigation found that between 2015 and 2018, the government's policy towards starter homes "shifted".

It said that the government had claimed in May 2018 to have spent an estimated £250m of the starter homes land fund, but was forced months later to admit it had actually spent from two funds and that "building had not yet started".

"No starter homes have been built to date," the NAO said, adding that cash earmarked for the scheme had been spent on buying and preparing brownfield sites for housing more generally, "some of which is affordable housing".

The NAO said the government ditched the 200,000 homes target in its 2017 housing white paper and replaced it with an aspiration to help 200,000 households into home ownership.

This included the controversial "help to buy" programme which has boosted the profits of listed house builders.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Bellway Market Data

Currency UK Pounds
Share Price 1,906.50p
Change Today -171.50p
% Change -8.25 %
52 Week High 4,310.00
52 Week Low 1,879.00
Volume 719,484
Shares Issued 123.34m
Market Cap £2,351.44m
RiskGrade 357

Bellway Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.98% above the market average67.98% above the market average67.98% above the market average67.98% above the market average67.98% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average
Price Trend
41.69% below the market average41.69% below the market average41.69% below the market average41.69% below the market average41.69% below the market average
15.38% below the sector average15.38% below the sector average15.38% below the sector average15.38% below the sector average15.38% below the sector average
Income
80.28% above the market average80.28% above the market average80.28% above the market average80.28% above the market average80.28% above the market average
30.43% above the sector average30.43% above the sector average30.43% above the sector average30.43% above the sector average30.43% above the sector average
Growth
5.03% above the market average5.03% above the market average5.03% above the market average5.03% above the market average5.03% above the market average
38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average

What The Brokers Say

Strong Buy 11
Buy 2
Neutral 2
Sell 0
Strong Sell 0
Total 15
strong_buy
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Bellway Dividends

  Latest Previous
  Final Interim
Ex-Div 28-Nov-19 23-May-19
Paid 08-Jan-20 04-Jul-19
Amount 100.00p 50.40p

Trades for 03-Apr-2020

Time Volume / Share Price
16:57 14,174 @ 1,953.65p
16:35 125,020 @ 1,906.50p
16:29 38 @ 1,908.50p
16:29 48 @ 1,906.00p
16:29 155 @ 1,908.00p

Bellway Key Personnel

Chair Paul Hampden Smith
CEO Jason Honeyman

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