Bellway PLC exceeded expectations with fiscal 2025 completions and average selling prices, reinforcing strong demand for new housing in the UK. Fiscal 2026 guidance hints at stable outlet growth and increasing volumes despite market volatility. Morningstar maintains a fair value estimate of GBX 3,850 for Bellway, favoring Persimmon in the sector. Bellway will provide further updates on capital allocation at full-year results on Oct. 14.

Read more at Morningstar: Latest Positive Trading Update Should Assuage Investor Concerns