Financial Times FT.com

Bellway hails debt reduction

By Ed Hammond in London

Published: October 13 2009 09:27 | Last updated: October 13 2009 20:59

Construction by Bellway
Favoured position: after bolstering its finances, Bellway is now capable of rebuilding its land bank

Bellway fell to its first full-year loss as a quoted company after it wrote down the value of its land bank by £66m.

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