Burberry IPO gets away amid market turmoil.

Merrill Lynch and Morgan Stanley have managed to get away the pound sterling250m ([euro]390m) flotation of Burberry, the UK fashion house, despite share prices falling to five-year lows.The nervousness in the European new issues market is demonstrated by JP Morgan and Cazenove becoming the first banks to pull an accelerated bookbuild in Europe according to Dealogic, the research firm. SABMiller, the brewer, postponed a planned pound sterling700m ([euro]1.1bn) share sale on Wednesday.