1st Sep 2026 12:18
Bellway PLC - Newcastle upon Tyne-based housebuilder - Completes the second GBP75 million tranche of its GBP150 million share buyback programme announced in October. Deutsche Bank AG conducted the second tranche on Bellway's behalf. Bellway says that as of Friday, it has repurchased 3.9 million shares for cancellation.
Bellway also confirms that its board has approved a further GBP50 million share buyback, as announced in its August trading update. Says this will represent the initial tranche of its anticipated shareholder returns for FY27. It will announce the total level of financial 2027 returns with its full-year results in October. Citigroup Global Markets Ltd has agreed to conduct the second programme on its behalf. Bellway expects to complete the initial tranche by April 30, 2027.
Current stock price: 2,104.00, down 2.6% on Tuesday afternoon in London
12-month change: down 10%
By Emma Curzon, Alliance News reporter
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