Burberry warns over sterling impact

Soaring demand for luxury goods in China helped Burberry set record annual revenues and profits, but the fashion chain warned of lower profits next year if the pound remained strong.

The 158-year-old firm – known for its camel, red and black check pattern – met market forecasts as it posted an adjusted pre-tax profit up 8% to £444.4 million on sales 17% higher to £2.33 billion.