Burberry jumps 10% on surprise retail growth boost

Luxury fashion brand Burberry jumped almost 10% this morning after it reported better than expected trading following its profit warning last month.

The retailer was the biggest climber on the FTSE 100 this morning after it reported a positive surprise in figures - with total revenue growth up 8%, alongside a 10% jump in retail growth for the first half of the year. The retailer, which is a favourite of Kames Capital's head of UK equities Stephen Adams and Richard Buxton at Schroders, was up 9.27% at £10.97 in mid-morning trading. The sharp gains reverse some of the major fall seen last month, after a profit warning sent shares plunging. The luxury brand dropped nearly 20% last month after it announced profits would be at the l...