Burberry (BURBY.PK) spikes 8.2% in London after the company confirms falling demand for luxury...

|About: Burberry Group Plc ADR (BURBY)|By:, SA News Editor

Burberry (BURBY.PK) spikes 8.2% in London after the company confirms falling demand for luxury goods in Asia, particularly China, but reports comparable-sales growth of 1% in Q2. While that's well down from 16% last year, it's above Burberry's previous guidance. Last month, a profit warning sent its shares tumbling over 20% and hit its U.S. peers. On watch today are COH, RL, WRC, KORS and TIF. (PR)