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Bellway profits

Bellway produced record interim pre-tax profits up 18.5 per cent to £91.7 million in the six months to January 31. But it warned that house buyers are now delaying purchases until after the general election.Turnover of £493.9 million was up 13.2 per cent on a year earlier after it opened 10 per cent more sales outlets to counter the deterioration in market conditions caused by five interest rate hikes over the past 18 months.

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