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Housebuilder Bellway buoyed by surge in demand for homes

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Annual revenues rise by 41% to £3.1bn but UK firm warns of growing cost of cladding issues

The UK housebuilder Bellway has said business is almost back at pre-pandemic levels, but warned of rising costs for fixing fire safety issues relating to cladding at some of its developments.

Revenues climbed 41% to £3.1bn in the year to the end of July – just 2.5% below 2019’s level – as demand for homes booms across the country.

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