Rising revenue at Burberry

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ry goods retailer Burberry this morning posted an eight per cent rise in revenue over the six months to September.

Total revenue for the luxury retailer grew to £883m over the half year.

However, the group reported profit before tax of £111.9m over the period, down from £158.7m last year after Burberry took a £71m hit to end a fragrance licence agreement.

Last month Burberry said sales had steadied in the final weeks of its second quarter, reassuring investors rattled by a shock profit warning in September.

Chief executive Angela Ahrendts welcomed the results in what she termed a “challenging external environment”.