City news: Burberry, Tesco, Bellway, DB Cargo UK

City news: Burberry, Tesco, Bellway, DB Cargo UK
 

But the retailer has had a tougher time in overseas markets, including continental Europe, Hong Kong and the Americas. Although its retail takings were up 2 per cent to £859million in the six months to September 30, with ponchos and rucksacks among popular purchases, overall revenue fell 4 per cent to £1.16billion due to a decline in wholesale and licensing.
Shares fell 109p to 1403p. Burberry said currency moves could boost its annual profit by £125million.
Chief executive Christopher Bailey said: “In a challenging market, we continue to focus on product innovation, retail productivity and... read more

 
18 October 2016 in Business, Views: 51
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