Burberry stocks up following sales figures

<p>The release of positive sales figures has pushed Burberry stocks higher.</p>

The share price of Burberry is up today (April 17th) after the fashion house announced a positive set of sales figures.

Its stocks were trading 3.4 per cent higher at one point during the day's trading than they were at the start of the session.

The company posted better-than-expected revenues, which the firm stated was thanks to strong demand for its more expensive products in China.

Hargreaves Lansdown analyst Keith Bowman said: "With the company's Asian bias increasing and the debate over Chinese economic growth still ongoing, room for caution appears to persist."

Revenues at the brand were up by nine per cent to £1.11 billion in the last six months, data released by the firm revealed.

At 15:33 BST today, the share price of the company was up by 36 points – a rise of close to three per cent – and stocks were trading for 1,302.00.

Learn about the sterling and forex trading at City Index.

Join our live webinars for the latest analysis and trading ideas. Register now

GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.