The end of an era. After 51 years with housebuilder Bellway, the chairman, Howard Dawe, is to retire in January. The 68-year-old, who was chief executive from 1987 to 1999, will be replaced by the current chief, John Watson, who has been at Bellway for 'only' 34 years.
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Meanwhile, Bellway completed 5,226 homes in the year to end July, 6 per cent more than the year before at an average selling price of £187,000 (£176,000). Reservations have been running 9 per cent higher than a year earlier, without extra sales incentives, which points to continued improvement in trading.
