LUXURY goods giant LVMH said it was "cautiously confident" about the year ahead despite the "uncertain geopolitical context", as it reported a jump in profit and revenue for 2019.

Revenue soared 15 per cent to €53.7bn (£45.5bn) in 2019.

Profit from recurring operations also jumped 15 per cent to €11.5bn, despite disruption caused by protests in Hong Kong, one of the group's key markets.

The group's fashion and leather goods division, which includes designer brands Louis Vuitton and Christian Dior, reported a profit jump of 24 per cent during the year.

(c) 2020 City A.M., source Newspaper