Shares in Burberry were up on the FTSE 100 in afternoon trading ahead of the luxury fashion retailer's third quarter results, due tomorrow.

Last November Burberry issued a statement which revealed better than expected half year results, thanks to robust prices and expansion in emerging markets such as China and Turkey.

Despite an apparently strong performance, tomorrow's update may fall short of the achievements of the half year figures.

Keith Bowman, analyst at Hargreaves Lansdown, said, "Comparatives are set to become more challenging, whilst the valuation is not the bargain it once was - the share price has during the last 12 months increased by over 80 per cent. Ahead of the update, market consensus opinion currently denotes a hold".

By 13:55 shares in Burberry were up 0.57 per cent on the FTSE 100 to 1,061.00 pence per share.