The amount of commercial development in the UK has fallen to its lowest level in five years, according to research by Savills.

Housebuilder Barratt Developments says it has seen a sharp drop in sales.

Housebuilder Redrow  has warned the conditions in the housing market have worsened faster than it expected.

Galliford Try has said that profits this year are likely to come in well short of market forecasts.