Handbags & Gladrags

Profits at Burberry have increased by 40% to £300 million in the past 12 months with turnover up 27% in the year to £1.5 billion.

Shares in the company have doubled and in an environment of global downturn it is interesting to learn that one of the current clutch of UK success stories sells product that have capitalised on the US and Asian markets seemingly insatiable appetite for European luxury goods.

CEO Angela Ahrendts is set to pick up a salary and bonus package of close to £12million for her efforts and few can argue given the performance mirrored by a doubling of Burberry's share price this year.