Burberry gains as China laps up luxury goods

Luxury retailer Burberry rose to the top of the FTSE 100, adding 52p, or 4.2%, to £12.84 as Chinese consumers showed no sign of losing their appetite for expensive goods from Hermés and Rémy Cointreau.

Sales for both companies rose more than 20% in the second quarter, spurring investor hopes that Burberry would bounce back following its decline in first-quarter sales growth.

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