Burberry boss faces shareholder revolt at AGM

Luxury fashion brand Burberry is facing a shareholder revolt at the company's annual general meeting in London.

Up to a third of shareholders are thought to be unhappy about the pay package of Christopher Bailey, who took over as chief executive in May.

Mr Bailey was granted an annual allowance of £440,000 on top of his £1.1m salary.

When appointed chief executive, he was also given 500,000 shares in the company, currently worth more than £7m.

The Investment Management Association (IMA), has issued an "amber top" warning about

Burberry warns of exchange rate hit as sales rise

Burberry, the UK luxury fashion brand, has announced a strong rise in sales but warned that profits could be hit by unfavourable exchange rates.

Retail revenues for the three months to the end of June were £370m, up almost 10% from a year earlier, while like-for-like sales increased by 12%.

Sales were particularly strong in China and Hong Kong.

But it warned tha