Edition:
United Kingdom

Ted Baker PLC (TED.L)

TED.L on London Stock Exchange

1,654.00GBp
22 Mar 2019
Change (% chg)

53.00 (+3.31%)
Prev Close
1,601.00
Open
1,590.00
Day's High
1,704.00
Day's Low
1,583.00
Volume
90,280
Avg. Vol
148,457
52-wk High
2,914.00
52-wk Low
1,312.00

Latest Key Developments (Source: Significant Developments)

Ted Baker Says CEO Ray Kelvin Resigns With Immediate Effect
Monday, 4 Mar 2019 

March 4 (Reuters) - Ted Baker PLC ::RESIGNATION OF CHIEF EXECUTIVE OFFICER.ANNOUNCES THAT CHIEF EXECUTIVE OFFICER RAY KELVIN HAS RESIGNED WITH IMMEDIATE EFFECT.CHIEF EXECUTIVE OFFICER RAY KELVIN HAS RESIGNED WITH IMMEDIATE EFFECT.ACTING CHIEF EXECUTIVE OFFICER LINDSAY PAGE HAS AGREED TO CONTINUE IN THIS ROLE.BOARD HAS ASKED DAVID BERNSTEIN TO ACT AS EXECUTIVE CHAIRMAN TO PROVIDE ADDITIONAL SUPPORT TO LINDSAY.BERNSTEIN INDICATED HE WILL CONTINUE AS EXECUTIVE CHAIRMAN UNTIL NO LATER THAN NOV 30 2020, BY WHICH TIME A SUCCESSOR WILL BE APPOINTED.INVESTIGATION TO CONTINUE, WITH PRIMARY FOCUS OF REMAINDER OF INVESTIGATION BEING ON CO'S POLICIES, PROCEDURES AND HANDLING OF COMPLAINTS.EXPECTED THAT HSF WILL CONCLUDE ITS INVESTIGATION AT END OF Q1 OR EARLY IN Q2 2019.  Full Article

Ray Kelvin Comments On Resignation As Ted Baker CEO
Friday, 1 Mar 2019 

March 4 (Reuters) - Ted Baker's Former CEO Ray Kelvin::SAYS "I'VE DECIDED THAT RIGHT THING TO DO IS TO STEP AWAY FROM TED".SAYS "I'LL SUPPORT LINDSAY IN HIS LEADERSHIP AND BE AVAILABLE TO HIM AND TEAM WHEREVER I CAN OFFER HELPFUL ADVICE".SAYS PAST FEW MONTHS WERE "DEEPLY DISTRESSING", WILL BE TAKING TIME PRIVATELY TO CONSIDER NEXT STEPS.  Full Article

Ted Baker warns on full-year profit
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Ted Baker PLC ::TED BAKER PLC - UPDATE ON PROFIT EXPECTATION FOR YEAR 18/19.TED BAKER PLC FY PROFIT BEFORE TAX IS NOW EXPECTED TO BE IN REGION OF £63M.TED BAKER PLC - NET BORROWING POSITION FOR YEAR 18/19 REMAINS IN LINE WITH PRIOR EXPECTATIONS.TED BAKER - PRE-TAX PROFIT FOR YEAR 18/19 HAS BEEN ADVERSELY AFFECTED BY FOREIGN EXCHANGE MOVEMENTS IN FINAL WEEK OF FINANCIAL YEAR.TED BAKER - PRE-TAX PROFIT FOR YEAR 18/19 ALSO ADVERSELY AFFECTED BY SYSTEMS AND WAREHOUSING TRANSITIONS IN ASIA AND US.TED BAKER - RECENT SYSTEMS AND WAREHOUSING TRANSITIONS IN ASIA AND US, MORE PRUDENT VIEW ON AGED STOCK, RESULTED IN WRITE-DOWN OF ABOUT £5M.  Full Article

Ted Baker's Retail Sales Rise 12.2 Pct In 5 Weeks To Jan 5
Wednesday, 9 Jan 2019 

Jan 9 (Reuters) - Ted Baker PLC ::RETAIL SALES INCREASED BY 12.2% FOR 5 WEEK PERIOD FROM 2 DECEMBER 2018 TO 5 JANUARY 2019 ( "PERIOD"), COMPARED TO SAME PERIOD LAST YEAR.GROSS MARGINS REMAIN IN LINE WITH OUR EXPECTATIONS FOR FULL YEAR.EXPECT TO END YEAR WITH A CLEAN STOCK POSITION.BOARD ANTICIPATES THAT RESULTS FOR 52 WEEKS ENDING 26 JANUARY 2019 WILL BE IN LINE WITH ITS EXPECTATIONS.WORK OF INDEPENDENT EXTERNAL INVESTIGATION BY HERBERT SMITH FREEHILLS LLP IN RESPECT OF RECENT MEDIA REPORTS AND PETITION IS PROGRESSING.  Full Article

Ted Baker CEO takes leave of absence while allegations are investigated
Friday, 7 Dec 2018 

Dec 7 (Reuters) - Ted Baker PLC ::CHIEF EXECUTIVE OFFICER - LEAVE OF ABSENCE.INDEPENDANT COMMITTEE APPOINTED HERBERT SMITH FREEHILLS LLP TO CONDUCT AN INDEPENDENT EXTERNAL INVESTIGATION INTO REPORTS RECEIVED.BOARD HAS APPOINTED CHIEF OPERATING OFFICER LINDSAY PAGE AS ACTING CEO WITH IMMEDIATE EFFECT WHILE RAY KELVIN REMAINS ON LEAVE.APPOINTED INDEPENDENT COMMITTEE OF NON-EXECUTIVE DIRECTORS TO ENSURE CONCERNS RAISED IN MEDIA REPORTS ARE RECOGNISED AND CAREFULLY CONSIDERED.COMMITTEE, BOARD BEEN MADE AWARE OF FURTHER SERIOUS ALLEGATIONS ABOUT CONDUCT OF FOUNDER AND CEO, WHICH IT WILL BE INVESTIGATING.RAY KELVIN HAS AGREED HE WILL TAKE A VOLUNTARY LEAVE OF ABSENCE FROM HIS ROLE WITH COMPANY WHILE THESE ALLEGATIONS ARE INVESTIGATED.  Full Article

Ted Baker 16-weeks revenue falls marginally
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - Ted Baker PLC ::TED BAKER PLC - TRADING UPDATE.TED BAKER PLC - ANNOUNCES A 0.2% (0.4% IN CONSTANT CURRENCY) DECREASE IN GROUP REVENUE FOR 16 WEEK PERIOD FROM 11 AUGUST 2018 TO 1 DECEMBER.TED BAKER PLC - IN UK, EUROPE AND EAST COAST OF AMERICA, TRADE WAS AFFECTED BY UNSEASONAL WEATHER AT START OF PERIOD.TED BAKER PLC - TOTAL RETAIL SALES INCLUDING E-COMMERCE INCREASED BY 2.3% (2.1% IN CONSTANT CURRENCY) FOR PERIOD.TED BAKER PLC - TRADING IN UK CONTINUES TO BE IMPACTED BY WELL-PUBLICISED CHALLENGES FACING SOME OF TRADING PARTNERS.TED BAKER PLC - E-COMMERCE SALES INCREASED BY 18.0% (15.3% IN CONSTANT CURRENCY) FOR PERIOD.TED BAKER PLC - CONTINUE TO ANTICIPATE MID TO HIGH SINGLE-DIGIT WHOLESALE SALES GROWTH (IN CONSTANT CURRENCY) FOR FULL YEAR.TED BAKER PLC - FOR 16 WEEK PERIOD, RETAIL AND WHOLESALE GROSS MARGINS WERE IN LINE WITH EXPECTATIONS.  Full Article

Ted Baker Appoints Independent Committee To Consider Petition On Co, Founder
Monday, 3 Dec 2018 

Dec 3 (Reuters) - Ted Baker PLC ::RESPONSE TO MEDIA REPORTS AND PETITION.NOTES RECENT MEDIA REPORTS AND PETITION IN RESPECT OF BUSINESS AND ITS FOUNDER AND CEO, RAY KELVIN.INDEPENDENT COMMITTEE OF NON-EXECUTIVE DIRECTORS HAS BEEN APPOINTED TO CONSIDER PETITION IN RESPECT OF BUSINESS, FOUNDER KELVIN.BOARD HAS DIRECTED URGENT INDEPENDENT EXTERNAL INVESTIGATION TO BE CARRIED OUT INTO MATTERS RELATING TO PETITION.  Full Article

Ted Baker H1 Pretax Profit Fell 3.2 Percent To 24.5 Mln STG
Thursday, 4 Oct 2018 

Oct 4 (Reuters) - Ted Baker PLC ::H1 PRETAX PROFIT FELL 3.2 PERCENT TO 24.5 MILLION STG.HY GROUP REVENUE UP 3.5% (5.5% IN CONSTANT CURRENCY) TO £306.0M.HY UK AND EUROPE RETAIL SALES UP 1.0% (UP 0.7% IN CONSTANT CURRENCY) TO £147.1M.HY NORTH AMERICA RETAIL SALES UP 1.8% (UP 8.1% IN CONSTANT CURRENCY) TO £61.8M.HY RETAIL SALES INCLUDING E-COMMERCE UP 1.1% (UP 2.9% IN CONSTANT CURRENCY) TO £220.1M.INTERIM DIVIDEND OF 17.9P (2017: 16.6P).HY PROFIT BEFORE TAX AND EXCEPTIONAL ITEMS £25.0M VERSUS £24.2M.FIRST HALF OF YEAR HAS CONTINUED TO SEE CHALLENGING EXTERNAL TRADING CONDITIONS ACROSS MANY OF OUR GLOBAL MARKETS.PERFORMANCE HAS BEEN IMPACTED BY UNSEASONABLE WEATHER ACROSS UK AND EUROPE AND NORTH AMERICA IN EARLY PART OF YEAR.PERFORMANCE HAS ALSO BEEN IMPACTED BY VERY HOT SUMMER ACROSS UK AND EUROPE.CONFIDENT THAT WE REMAIN WELL POSITIONED TO CONTINUE BRAND'S MOMENTUM AND LONG TERM DEVELOPMENT.DECLARED AN INTERIM DIVIDEND OF 17.9P (2017: 16.6P), REPRESENTING AN INCREASE OF 7.8%.EXPECT FULL YEAR CAPITAL EXPENDITURE TO BE IN LINE WITH PREVIOUS GUIDANCE OF £30.0M.  Full Article

UK's FRC Issues Sanctions against KPMG, Senior Statutory Auditor For Ted Baker Audits
Monday, 20 Aug 2018 

Aug 20 (Reuters) - UK'S FRC::SANCTIONS AGAINST KPMG AND SENIOR STATUTORY AUDITOR IN RELATION TO AUDITS OF TED BAKER PLC.FINED AND REPRIMANDED KPMG AUDIT PLC AND MICHAEL FRANCIS BARRADELL, SENIOR STATUTORY AUDITOR AND AUDIT ENGAGEMENT PARTNER.KPMG AND BARRADELL ADMITTED TO MISCONDUCT PRIOR TO SERVICE OF A DRAFT COMPLAINT AND THIS IS REFLECTED IN SETTLEMENT DISCOUNTS APPLIED.FINED KPMG AFTER ADMISSION OF MISCONDUCT ON AUDITS ON TED BAKER STATEMENTS FOR YEARS ENDED 26 JANUARY 2013 AND 25 JANUARY 2014.  Full Article

Ted Baker Signs New Licensing Agreement With Delta Galil
Friday, 13 Jul 2018 

July 13 (Reuters) - Ted Baker PLC ::TED BAKER SIGNS NEW LICENSING AGREEMENT WITH DELTA GALIL.TED BAKER SAYS NEW 5-YEAR AGREEMENT WILL ALLOW DELTA GALIL TO DEVELOP, PRODUCE & DISTRIBUTE CERTAIN MEN'S WEAR FOR CO EXCLUSIVELY WORLDWIDE.  Full Article

Photo

FTSE 100 at five-and-a-half month high as no-deal Brexit fears hit pound

Britain's FTSE 100 jumped to its highest level in five-and-a-half months as its multinational stocks got a boost from weaker sterling, while results-driven slumps in engineering firm Renishaw and trading platform IG dented the midcap index.