Bellway (BWY)

Sector:

Household Goods

Index:

FTSE 250

2,234.00p
   
  • Change Today:
    -64.00p
  • 52 Week High: 3,526.00
  • 52 Week Low: 2,070.00
  • Currency: UK Pounds
  • Shares Issued: 123.49m
  • Volume: 186,902
  • Market Cap: 2,758.68m
  • RiskGrade: 188

Bellway and Vistry set aside combined 350m for fire safety works

By Sean Farrell

Date: Thursday 07 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Bellway and Vistry said the extra cost of making buildings safe after the Grenfell Tower fire would be £300m and up to £50m respectively.

Both housebuilders said they had signed or would sign a pledge to put right fire hazards such as flammable cladding on properties they built or refurbished that are over 11 metres high.

Bellway said it would sign the pledge, proposed by the UK government, and Vistry said it had already done so. They join other housebuilders including Crest Nicholson and Persimmon after the government widened the scope of properties it wanted the industry to deal with.

Bellway said it would set aside an extra £300m on top of its existing £187m provision to cover the cost of its works. Vistry said additional costs would be £35m-£50m having already set aside £25.2m.

Bellway said: "The board has agreed that Bellway will enter into this commitment acknowledging that resident safety is of paramount importance.

"The board has also listened to the concerns expressed by a wide variety of stakeholders, including shareholders, over an issue that is affecting the wider construction sector, and believes that it is in the best long-term interests of the group."

The blaze at Grenfell Tower in west London killed 71 people in 2017 when exterior cladding caught fire. Fears about further fires have left owners of properties with similar cladding fearing for their lives and unable to sell their homes.

Email this article to a friend

or share it with one of these popular networks:


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 2,234.00p
Change Today -64.00p
% Change -2.79 %
52 Week High 3,526.00
52 Week Low 2,070.00
Volume 186,902
Shares Issued 123.49m
Market Cap 2,758.68m
RiskGrade 188

Bellway Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.50% above the market average95.50% above the market average95.50% above the market average95.50% above the market average95.50% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
54.32% below the market average54.32% below the market average54.32% below the market average54.32% below the market average54.32% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Income
90.27% above the market average90.27% above the market average90.27% above the market average90.27% above the market average90.27% above the market average
61.90% above the sector average61.90% above the sector average61.90% above the sector average61.90% above the sector average61.90% above the sector average
Growth
46.90% above the market average46.90% above the market average46.90% above the market average46.90% above the market average46.90% above the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 11
Buy 1
Neutral 2
Sell 0
Strong Sell 0
Total 14
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Bellway Dividends

  Latest Previous
  Interim Final
Ex-Div 19-May-22 02-Dec-21
Paid 01-Jul-22 12-Jan-22
Amount 45.00p 82.50p

Trades for 17-Aug-2022

Time Volume / Share Price
16:55 972 @ 2,256.22p
16:38 300 @ 2,234.00p
16:35 87,493 @ 2,234.00p
16:29 25 @ 2,226.00p
16:26 65 @ 2,228.00p

Bellway Key Personnel

CEO Jason Honeyman

Top of Page