Berkeley shares tumble as housebuilder halts land purchases
UK group blames Middle East conflict and deteriorating outlook for investment cuts
UK group blames Middle East conflict and deteriorating outlook for investment cuts

The FTSE 100 group specialising in brownfield development faces tax and regulatory obstacles

Group says ‘macro-uncertainty’ from war Middle East war will push up costs and damage consumer confidence

Buyers stayed away during the crucial annual buying period amid pessimism over geopolitical tensions and the global economy

Investors risk being too complacent about war in the Middle East

Cuts to earnings guidance and land purchases cast doubt on whether government will meet 1.5mn new homes target

The world is a mess but markets seem to be shrugging worries over the fallout of the Iran war