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Burberry faces festive test

Burberry 's half-year results are a step in the right direction following September's profits warning. However, it's a small step and the Christmas trading period is likely to be critical in recalibrating sentiment. The good news is that sales have not continued to plummet and margin gains helped turn a 7 per cent rise in underlying revenues into an 11 per cent increase in adjusted operating profits for the wholesale and retail divisions.

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By Algy Hall,
07 November 2012

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