LONDON (Reuters) – Shares in the British luxury retailer Burberry (LON: ) jumped more than 13% in opening trade on Friday after its third-quarter sales fell short of forecasts.
Comparable-store sales fell 4% versus an expected 12% decline for the company’s third quarter, which runs through Dec. 28.
Shares rose over 13% to £12.11 on Friday, having more than doubled since September last year.
