Burberry checks in with 13% rise

BURBERRY beat forecasts with a 13 per cent rise in first-half revenue, boosted by demand from tourists and strong sales of luxury handbags.

However, the luxury brand – best known for its camel, red and black check – said the outlook was uncertain and the Spanish market was particularly weak.

Burberry posted revenues of £539 m in the six months to 30 September, beating forecasts of between £510m and £529m in a poll of analysts. Burberry shares closed 10 per cent down.