BUSINESS LIVE: Berkeley flags housing market woes

A crackdown on cryptocurrency has been delayed.

The Financial Conduct Authority said stricter regulation about marketing crypto would come into force next month but firms can apply for more time to comply with rules, such as a 24-hour cooling-off period.

It said companies could be given until January 8. The rules were due to take effect from 8 October.

Berkeley Group has joined sector peers in highlighting a gloomy trading environment in the face of rising interest rates and wider macro economic concerns, but the high-end housebuilder has maintained its profit guidance.

The FTSE 100 builder reported a 35 per cent slump in underlying private sales reservations in the first four months of its current fiscal year beginning 1 May.