Housebuilder Bellway, which reports full-year figures this week, will be watched for any clues about how the new financial year has begun after Taylor Wimpey suggested consumers are awaiting November’s Budget before committing to a new home.
This may help to explain the recent slide in Bellway’s shares, which are down by around a fifth in the past year, says AJ Bell.
Analysts will also want to see if Bellway sticks to its prior forecast of a 5% increase in completions in the year to June 2026. That will take the total to around 9,000, up from the 8,749 total recorded in the financial year just ended.
Analysts are looking for pre-tax profit of £276 million, up from £184m, with £313m expected in the coming year, but are on alert for any impact from cladding remediation provisions or the Building Safety Act.
Whitbread
June’s first-quarter trading statement from Premier Inn-owner Whitbread contained little of any great note, not least because total accommodation sales in the UK fell 2% year-on-year, hampered by a 2% drop in revenue per available room (RevPAR).
The fledgling German operation, however, showed growth of 16% and 12% on those metrics, and analysts’ reports suggest bookings and pricing have improved over the summer in the UK.
The recent rally in the share price also suggests someone expects some good news from these interim results, where much attention will also focus on the well-trailered revaluation of the group’s hotel estate assets on its balance sheet.
DIARY
Tuesday 14 October
- Full-year results from Bellway, YouGov
- Trading statements from Ashmore, Robert Walters
- British Retail Consortium UK retail sales
- UK unemployment, job vacancies and wage growth
Wednesday 15 October
- Trading statements from Rio Tinto, Page and Rank
- Chinese inflation
- EU industrial production
- US inflation
Thursday 16 October
- Half-year results from Whitbread
- UK GDP growth
- UK construction, manufacturing and industrial output
Friday 17 October
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