Burberry profits down despite strong UK performance

Luxury goods firm Burberry today posted a 19% profits fall but said its performance was "solid", helped by strong demand for handbags and scarves.

Burberry said pre-tax profits were £78.4m (€88.4m) in the six months to September 30, down from £97m (€109.4m) last year as the effects of discounting hit margins and wholesale orders were reduced.