Bellway recovers after profits hit by Covid-19 and Grenfell cladding measures

Housebuilder Bellway has seen profits slump by nearly two-thirds after lockdown knocked sales and it took a near-£50 million hit over potentially unsafe cladding in the wake of the Grenfell tragedy. The Newcastle-based group booked a £46.8 million charge to meet new fire and safety standards on apartment blocks […] Click here to view original…

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Bellway recovers after profits hit by Covid-19 and Grenfell cladding measures

Housebuilder Bellway has seen profits slump by nearly two-thirds after lockdown knocked sales and it took a near-£50m hit over potentially unsafe cladding in the wake of the Grenfell tragedy (Mike Egerton/PA) Housebuilder Bellway has seen profits slump by nearly two-thirds after lockdown knocked sales and it took a […] Click here to view original…

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