Bellway trims margin outlook amid Middle East risks
Bellway lowered its margin forecast to 10.5 percent citing rising costs and geopolitical risks. Shares fell 8 percent as the firm warned of market volatility.
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The major homebuilder Bellway p.l.c. has lowered its profit margin expectations for the year, citing geopolitical instability and persistent cost pressures within the United Kingdom. Shares in the company tumbled more than 8% following the announcement, which highlighted the growing risks posed to the housing sector by the ongoing conflict involving Iran.
