Beauty, handbags and a better control of licenses around the world meant Burberry was on trend with the City today.

The British luxury brand’s decision to take control of its beauty and fragrance business, expand its accessories lines and streamline its supply chain has wooed the analysts at HSBC.

Luxury expert Erwan Rambourg at the broker said the integration of Burberry’s beauty arm and its Japanese business are the “last big legacy issues” but they are being sorted quicker and more effectively than he first thought. The brand, which has hired actress Sienna Miller and fiancé Tom Sturridge, pictured, as the face of their latest campaign, no longer trades at a premium to the luxury goods sector. Rambourg raised his 2015 estimates and said that although Burberry is predominantly still a clothing brand, its handbags and accessories lines — where luxury brands make the real money — has “credibility” which is “increasing every year”.

The brand’s international expansion has been a success and now it has “operational excellence” and a “much better grip on its supply chain”, he added.

Burberry’s reliance on China has hit the share price recently as fears re-emerged on the growth in Asia. Burberry’s stock lost around 18% in June. Brenda Kelly, senior market strategist at IG, said: “Any continued slowing in China could well weigh on the price in the medium term.”

But today Rambourg raised his rating to overweight — up from neutral — with a target price of 1750p, up from 1530p. Punters were dedicated followers and it was the Footsie’s second highest riser, strutting up 43p to 1407p.

The wider market could not stay above the 6300 level achieved last night as traders were unsure of where the market was going due to an absence of new data. The FTSE100 fell 35.54 points to 6272.24.

Outsourcer Serco took top spot — up 29p to 654.3p — following a report it had won a $1.25 billion ($657million) US health contract.

Miners were shining after an improvement in metal prices — gold has rebounded from its worst quarterly slump. Chilean-based copper mining group Antofagasta rose 15.5p to 848p

On the mid-cap index, distribution group John Menzies said it remains on track to meet full-year expectations but it slipped 8.5p to 696.5p.

Grocer Ocado reported first-half earnings ahead of analysts’ forecasts. Its shares hit a record high last month after it announced a deal in May to supply supermarket group Morrisons but today the shares lost 6.6p to 305.6p after it reported a pre-tax loss of $3.8million.

Small-cap building firm Marshalls reported a dip in first-half sales but said there is no change in its full-year forecast. It retreated 0.75p to 134p.

AIM-listed MDM Engineering announced a dividend at its final results and it strengthened 5.5p to 137.5p.

Prakasam district police on Tuesday arrested three inter-district robbers involved in separate cases and recovered jewellery worth nearly Rs 18 lakh from their possession.

District police superintendent K Raghurami Reddy said a woman thief, Mekala Ramanamma of Gokavaram village in East Godavari district, was arrested near Ongole railway station while she was moving in a suspicious manner.

He said Ramanamma was an accused in three different theft cases over the past several months. Ramanamma used to travel in buses and trains and steal purses and handbags from co-passengers.

Police recovered 25 tolas of gold ornaments worth Rs 7 lakh from the possession of Ramanamma.From bottega bag , to stylish clutches, to travel wallets & mini purses, Barneys New York offers an impressive selection of designer bags.

In another case, police nabbed P Venkatesh of Chennai and recovered 25 tolas of gold and two kgs of silver ornaments worth Rs 8 lakh. Venkatesh is an expert in housebreaking and robbed six houses in Kandukur, Singarayakonda and Tangutur towns in the district.

Another robber Sathuluri Krishna of Kesavarajukunta area in Ongole was arrested and gold chains worth Rs 3.2 lakh and three two-wheelers were recovered from his possession. Singarayakonda inspector T Ashok Vardhan, town DSP P Jhashuva and Ongole rural CI Srinivasan were involved in the arrests.

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