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Bellway revenue falls 30% as housing completions drop


By Dan McGrath

Bellway has seen its revenue drop by 30% to £2.4bn in the year to 31 July, as the housing market tries to see some improvement following the cut to the Bank of England base rate.

The number of completions by the housebuilder also dropped by 30.1% to 7,654 in this period, which has been attributed to a lower order book at the start of the year and "challenging trading conditions", particularly in its first half


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Mitie revenues boosted by summer riot response

Mitie Group has posted a 13% climb in H1 revenue to £2.4bn, as the security services provider suggested it had benefitted from the UK’s outbreak of violence and rioting in the summer

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Newspaper publisher Reach on course to meet annual targets

Newspaper publishing group Reach has announced it remains on course to meet its full-year profit expectations after its digital revenue helped to offset falling print revenue in Q3

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De La Rue sells authentication business for £300m

De La Rue has agreed to sell its authentication division to New York-listed industrial technology firm, Crane NXT, for a cash consideration of £300m, in what it described a "substantial step forward"

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CFOs expect to increase tech spending, Deloitte study finds

An “overwhelming majority” of chief financial officers (CFOs) expect to raise spending on digital technology, according to the latest CFO survey by Deloitte

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Mulberry rejects Frasers’ improved £111m bid

Frasers Group has seen its second offer for luxury handbag retailer, Mulberry, valued at £111m, rejected by the firm’s majority shareholder

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BP issues Q3 profit warning

BP is anticipating a fall in earnings for the third quarter after citing weak margins at refineries and lower sales on both petrol and other oil products.

The oil giant said that upstream production in Q3 is now expected to be “broadly flat compared to the prior quarter”, with production also broadly flat in the group’s oil production business and its operations and in gas and low carbon energy

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easyJet appoints new CFO

easyJet has appointed Jan De Raeymaeker as its new chief financial officer (CFO), starting in the role from 20 January 2025

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All Things Considered announces change of CFO

Independent music company, All Things Considered (ATC), has appointed Deborah Lovegrove as chief financial officer (CFO) and a director of the company, with immediate effect

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Hays’ revenue falls 14% in Q1

Like-for-like (LFL) fees growth at Hays has fallen by 14% globally in the first quarter of its 2025 financial year, as temporary and permanent recruitments dropped

Brookfield to acquire Tritax Eurobox for £1.1bn

Tritax EuroBox has agreed to a takeover bid from Canadian investment firm, Brookfield, for just over £1.1bn
Unilever sells Russian business for £435m

Unilever has sold its Russian business for €520m (£435m)
Rio Tinto to acquire Arcadium Lithium for £5.12bn

Mining firm, Rio Tinto, has had a $6.7bn (£5.12bn) takeover bid accepted for US chemical company, Arcadium Lithium


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