Financial

Berkeley reports 20% fall in reservations for new homes

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Housebuilder has also not launched any new schemes blaming EU referendum and changes in government policy

Giorgio Armani revenues hit by China slowdown

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Italian fashion house is latest luxury brand to suffer from economic slump in emerging markets and tourists’ terrorism fears

House prices fall in London’s luxury postcodes

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Oil price, stamp duty and Brexit fears cause drop in areas such as Notting Hill and Hampstead but market rises elsewhere

Disney pins its merchandise designs on an adult audience

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Animation giant is raiding its archives to help designers build fashion lines based on its fabled characters and stories, from £3,000 Cinderella slippers to Captain America outfits

£1.5m Battersea power station apartments held back from market

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Downturn at top end prompts developers to withhold from sale 150 flats designed by Frank Gehry and Norman Foster