Greenback grates on Burberry

Demand for Burberry's (BRBY) iconic trenchcoat and cashmere scarves, as well as bumper digital sales, lifted retail revenues by 14 per cent at the fashion house (9 per cent on a like-for-like basis). However, exchange rate movements wiped £38m off the group's reported earnings, leaving adjusted pre-tax profits 1 per cent lower.

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