Bellway to cut volume by a third as firm axes around 150 staff

By Joey Gardiner2023-10-17T11:41:00

Source: Shutterstock

Housebuilder says it expects to build just 7,500 homes this year and has let go of around 5% of staff

Housebuilder Bellway has said it is expecting to cut build volume by a third and see a near halving of profit in its current financial year, given weak demand for new homes prompted by high interest rates.

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