02172012Headline:

Burberry dips on profit taking and weak US sales, but FTSE continues to climb

Luxury goods group reports 21% rise in third quarter revenues, but US performance disappoints Luxury goods group Burberry is leading the market fallers despite what appears at first glance to be a positive trading update. The company reported a 21% rise in third quarter revenues, with strong growth in China helping to offset the weakness in European and American markets. Retail sales rose 23% while wholesale revenues jumped 23%….


WN.com – Business News

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