Berkeley Group down as it cuts planned returns

The price of shares in FTSE 100 property developer Berkeley Group (LON:BKG) fell by 7.38% to 3,775p (as of 10:20 GMT) after the firm announced a delay to proposed increases in shareholder returns. Management said that trading had been positive and it was on track to meet expectations for the year ending 30th April, but they were waiting to see how Covid-19 impacted UK economic activity.