Bellway PLC

BWY: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Bellway: In-Line Figures and Buoyant Commentary Rally Shares

Jack Fletcher-Price

Feb 10, 2026

Bellway issued a trading update for the six months ended Jan. 31, 2026. Headline completions, average selling price, and order book were in line with our estimates. Perhaps the only negative was the drop in bulk sales, but this was not wholly unexpected, given the uncertainty around the budget.

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Bellway PLC

Bellway: In-Line Figures and Buoyant Commentary Rally Shares

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