Retail group GUS is this week expected to announce a final timetable for the partial flotation of its luxury fashion brand Burberry and reveal a big jump in annual profits.

The GUS is set to unveil details of the 25 per cent floatation - which is expected to value the company at £1.2-£1.3 billion - when it announces its full-year results on Wednesday.

The Burberry offering will only be available to institutions, with GUS also set to announce a big climb in profits from last year's £486.8 million to around the £541m mark.