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.

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