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Bellway profits hit by slowdown
bellway said the deterioration of the houses during market and availability of mortgages had been unprecedented .
it said that it plannounced to continue saving cash and cutting costs until conditions improved .
the board has a clear strategy, aimed primarily at conserving cash and reducing the cost base.. .
housebuilder bellway has reported a Â173,30% drop in anneual profits and says orders are down by almost a half .
Generated 2008-10-21_13:55
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