Burberry's UK sales soar as plunging pound helps tourists buy luxury goods

Fashion firm Burberry has seen UK sales rocket as tourists flocking to London to take advantage of the Brexit-hit pound has sparked a luxury shopping spree.

The group said UK like-for-like sales raced more than 30% in the three months to September 30 after the plunging pound has seen overseas shoppers rush to London to snap up luxury goods at a better price.

Shoppers from China and the United States in particular have been travelling to the UK to hit the shops, according to the group.

It came as a welcome boost to Burberry and helped the group return to overall sales growth in its second quarter, up 2% against a 3% fall in the previous three months.

It said recent further falls in the pound were also now expected to add around an extra £125 million to full-year profits, up from July's estimate of £90 million.