Burberry has returned its dividend despite Covid restrictions affecting demand around the globe.
The British luxury fashion house will return £47.3million to shareholders through an 11.6p per share dividend and will buy back £150million of shares.
It is also launching a new store type that targets high-spending customers. It has opened 15 of the stores – with one on London’s Sloane Street – and will have 50 of them worldwide by the end of March.

Payouts: Burberry will return £47.3m to shareholders through an 11.6p per share dividend – above pre-pandemic levels – and will buy back £150m of shares
London Store features a ground floor gallery that acts as a backdrop for the clothing collection.
It is not only focusing on high-spending customers, but also moving away discount sales.
The expansion plans came as Burberry reported a 38 per cent rise in half-year revenues to £1.2billion with profits of £196million.
That was in the same region as the £1.3billion of revenues and £203million of profits it made in the six months before the pandemic.
Chairman Gerry Murphy hailed ‘strong progress’ in the six months to September 25, with sales accelerating in countries with fewer Covid restrictions.
Burberry claimed that the growth in America, China, South Korea and South Korea over six months was significant.
China saw sales for the half year 30 per cent above their pre-pandemic levels – despite a knock from travel restrictions in August. Sales in North America and South America were up 38% and 40% respectively, while South Korea saw sales rise by 44%.
However, it has been hit elsewhere by low tourist numbers and the resurgence in Covid. This includes Japan which remains under strict travel restrictions.
Sales in Europe, India, Middle East and Africa were 31% lower than pre-pandemic. Half of these sales are usually made by tourists. The shares fell by 5.4%, or 105.5p to 18621.5p
AJ Bell investment director Russ Mould said its recovery from the pandemic had been ‘uneven’ because of difficulties in China and travel.
This is largely dependent on Asian tourists purchasing items at airport shops or fashion hotspots.
Mould said: ‘With travel still restricted and some people reluctant to jet off in the same way they used to, this part of Burberry’s business is really struggling.’
Murphy thanked outgoing boss Marco Gobbetti for leading the company’s transformation.
He said replacement Jonathan Akeroyd, 54, who was poached from Versace and will take over in April, would ‘accelerate growth’.
Akeroyd – who ran Alexander McQueen for 12 years before taking over at Versace in 2016 – could scoop £11million in his first year in charge.