Burberry raises profit forecast

BURBERRY has reported a 14 per cent rise in second-half retail sales and raised its forcecast for the full year.

The company new expects to deliver pre-tax profits of over the £200m figure predicted.

Sales of spring lines have helped to trigger the rise.

Second-half total sales in the six months to 31 March, rose seven per cent to £707m from £663m in the the same period a year earlier.

Burberry has been ditching its unprofitable lines and cutting costs in a shake-up of the business.

Chief Executive Angela Ahrendts said: "To drive growth, we will increase investment in new regions, initiatives and digital commerce, while taking further action to enhance the brand."