Bellway building on solid ground

Housebuilder Bellway has cheered a doubledigit rise in profits as Britain’s “robust” housing market helped it sell more homes at a higher price.

Pre-tax profits jumped 17 per cent to £288.7 million for the half-year, as the number of homes sold ticked 6 per cent higher to 4,741. Revenues were also bright, climbing 15 per cent to £1.3 billion for the six months.