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Profit fear for Bellway

Bellway's full-year figures next week will bring a dismal season of results and updates to a conclusion.

In August, the builder reported a 45% plunge in transaction levels in the six months to July 31 and said full-year operating margins will fall up to 3%.

Consensus forecasts suggest a 31% fall in profits to around £161.3m for the year to July 31, and a further tumble in earnings during the current year.

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