Rising revenue at Burberry

Luxury 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”.