The recession has failed to reduction demand for luxury merchandise from Burberry, sending the business's shares soaring over 13pc.

Burberry said sales by means of its own stores,burberry Leather Bag which often account fornearly 60pc of its business enterprise, were up 3pc on a like-for-like basis inthe three months to be able to March 31.

In the earlier quarter, there had been the 3pc fall. Looking good: Burberry operations in Korea along with the UK posted 'exceptional' tasks in the period

The company stated its markets in the us, Europe and Spain all performed greater, Burberry with operations within Korea and the Great britain posting 'exceptional' performances at that time.

?More...What economic collapse? Tesco makes 3.13bn profit as supermarket giant engagement rings up sales regarding 1bn every week Primark delivers robust growth for Abdominal FoodsBurberry share price (thisismoney.co.great britain)

With the company also focused to deliver 50m of 12-monthly cost savings, Burberry said it anticipated results for the 2008-09 personal year to be around the centre of the current range of industry estimates.Burberry

Chief executive Angela Ahrendts stated: 'Burberry made good advancement in the second half.A

The shares rose 43p to be able to 374.5p, valuing the business at 1.4bn.

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