BUZZ — UK's Bellway rises; First Home scheme a bright spot amid sluggish markets

* Shares of British homebuilder Bellway up 2.3% at 2,030p * CEO Jason Honeyman says UK's 'Your First Home' scheme has potential to boost volumes by around 10% on a conference call * Peel Hunt analysts say scheme has potential to provide material support for first-time buyers * Co forecast lower FY2027 housing completions of 9,000 to 9,400 homes, but midpoint comes ahead of JPMorgan's estimate of 9,191 units * Co, however, flags FY27 underlying operating margin to fall further on lower completions, higher mortgage rates and cost pressures amid Middle East conflict * Including session gains, stock down 26% YTD ($1 = 0.7557 pounds) (Reporting by Anushka Chourasia in Bengaluru) ((Anushka.Chourasia@thomsonreuters.com)