UK’s Bellway raises full-year volume forecast to 8,600-8,700 homes
BENGALURU: British homebuilder Bellway raised its forecast on Tuesday for the number of homes it expects to build this financial year to 8,600-8,700, from 8,500 previously, supported by stronger spring sales and improved customer demand. Its shares rose about 5% as the company said it was sold out for the year to July 31, and that it expects to build 20% more homes across this fiscal year and next. Home sales in Britain picked up recently ahead of the April 1 expiry of temporary tax incentives for affordable and first-time buyers, supported by gradual interest rate cuts. Data on Tuesday…