Housebuilder Bellway Homes has said it expects full-year profits to rise by around 5.4%, with completions jumping 10.8%, as it gears up to launch another share buyback scheme. In a trading update for the year to the end of July, Bellway said it expected underlying operating profits to stand at around £320m, up from £303.5m the year before. Completions for the year stood at 9,695 homes, up on the previous year’s 8,749 completions, ahead of its previous guidance of 9,300 to 9,500 homes. Its forward order book reduced to 4,206 homes, valued just shy of £1.2bn, compared with 5,307 homes the year before, valued at £1.52bn. The company is set to launch an additional £50m share buyback programme later this month when it completes a £150m share buyback programme launched in October.