Berkeley, Jimmy Choo and Walker Greenbank

"The FTSE 100 opened on the front foot tracking positive early moves in Asia although concerns over a possible Brexit, along with weakening commodity prices, continued to drag US markets lower overnight. Traders will be looking to the Federal Reserve this evening, although US policy makers are expected to keep interest rates unchanged amid renewed growth concerns following recent downbeat payroll figures,” says AJ Bell Investment Director Russ Mould.

A 20% drop in new home reservations at high-end housebuilder Berkeley sent jitters through the sector amid fears that this will have a ripple effect on the rest of the market with fellow home builders Taylor Wimpey and Barratt joining Berkeley at the foot of the blue-chip index.

Berkeley is firmly in the Remain camp and believes London's status as the world's best big city is underpinned by labour mobility, cultural diversity and a constant influx of talent and investment from around the world.  The Leave camp may point to a generally cooling in the market. Berkeley sold 3,776 homes in the year to the end of April at an average price of £515,000. This compared with sales of 3,355 sales last year at an average price of £549,000.

High fashion group Jimmy Choo is on track to meet its forecasts despite the headwinds facing the majority of the sector. Jimmy Choo remains focused on controlled expansion and development of the retail portfolio and growth remains on track, including in Asia.

Multi-national Walker Greenbank remains confident of the outlook for the rest of the financial year and its current guidance remains unchanged. Key new product launches have been well received and it is also making exciting progress in licensing.

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