Burberry

Shares in luxury brand retailer Burberry today dropped nearly 20% after it announced profits will be at the lower end of forecasts this year.

Schroders' Richard Buxton has backed Burberry's plans to increase its investment spend despite a negative reaction from markets today, noting shares look attractive at the current price.

Luxury fashion house Burberry Group, a long standing favourite of Schroders' Richard Buxton,reported a rise in half-year profits to £158.7m driven by improved sales in areas like China.

Luxury fashion house Burberry Group, a long standing favourite of Schroders' Richard Buxton, has continued to beat market expectations as the group reported a rise in revenue for the first half of the year.