- Home builder Bellway said chief executive Ted Ayres was standing down due to ill health.

Ayres had been been on leave of absence since August last year due to his health issues.

He has been replaced by current chief operating officer Jason Honeyman.

'The board and management team continue to wish Ted a full recovery and a healthy retirement and would like to thank him for the valuable contribution he has made to Bellway over his 16 years with the company,' Bellway said.

At 3:11pm: [LON:BWY] Bellway PLC share price was -12p at 2895p

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