Burberry blames falling sales in UK and Europe on stronger currencies

Luxury fashion house says higher exchange rates for pound and euro are deterring Chinese tourists

Hybrid cars to be exempt from 2040 petrol and diesel ban

Move angers environmental campaigners but is welcomed by automotive industry

Mulberry’s sales of luxury goods fall sharply in UK

British bag manufacturer says weak pound causing tourists to shop elsewhere in Europe

Cartier owner destroys more than £400m of watches in two years

Richemont bought back stock from jewellers to stop it being sold at knockdown prices

Burberry profits from ‘belt bag’ and Christopher Bailey swan song

British luxury brand also boosted by collaboration with hip Russian designer Gosha Rubchinskiy