Builder Bellway says cautious over new land acquisitions after Brexit vote

August 5, 2016 6:20 AM

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LONDON Aug 5 British housebuilder Bellway said it would be more cautious on purchasing new sites after Britons voted to leave the European Union but that its trading had been encouraging with full-year revenue marginally ahead of expectations.

Bellway, which built 8,721 homes last in the year to the end of July, said it expected revenue to rise by 27 percent to 2.2 billion pounds ($2.89 billion) slightly above an average forecast of 2.1 billion in a Thomson Reuters poll of analysts.

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