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United Kingdom

Ted Baker PLC (TED.L)

TED.L on London Stock Exchange

951.00GBp
23 Aug 2019
Change (% chg)

20.00 (+2.15%)
Prev Close
931.00
Open
920.50
Day's High
969.00
Day's Low
920.50
Volume
49,646
Avg. Vol
100,319
52-wk High
2,418.00
52-wk Low
750.00

Latest Key Developments (Source: Significant Developments)

Baillie Gifford & Co Raises Stake In Ted Baker To 5.01% From Below 5%
Tuesday, 18 Jun 2019 

June 18 (Reuters) - Ted Baker PLC ::BAILLIE GIFFORD & CO RAISES STAKE IN TED BAKER PLC TO 5.01% FROM EARLIER STAKE OF BELOW 5% - FILING.  Full Article

Oppenheimerfunds Dissolves Stake In Ted Baker Versus Earlier Stake Of 5.75% - Filing
Friday, 31 May 2019 

May 31 (Reuters) - Ted Baker PLC ::OPPENHEIMERFUNDS DISSOLVES STAKE IN TED BAKER VERSUS EARLIER STAKE OF 5.75% - FILING.  Full Article

Invesco Discloses 8.56% Stake In Ted Baker PLC - Filing
Friday, 31 May 2019 

May 31 (Reuters) - Ted Baker PLC ::INVESCO DISCLOSES 8.56% STAKE IN TED BAKER PLC - FILING.  Full Article

Ted Baker FY Pretax Profit Falls 26.1 Pct
Thursday, 21 Mar 2019 

March 21 (Reuters) - Ted Baker PLC ::FINAL RESULTS.CAPITAL EXPENDITURE IN NEW FINANCIAL PERIOD IS PLANNED TO BE £31.0M (2019: £30.3M).FY GROUP REVENUE UP 4.4% TO £617.4M.TRADING CONTINUES TO BE IMPACTED BY ONGOING CONSUMER UNCERTAINTY AND ELEVATED PROMOTIONAL ACTIVITY ACROSS MANY GLOBAL MARKETS.FY RETAIL SALES INCLUDING E-COMMERCE UP 4.2% (UP 4.8% IN CONSTANT CURRENCY) TO £461.0M.FY UK AND EUROPE RETAIL SALES UP 4.6% (UP 4.5% IN CONSTANT CURRENCY) TO £315.0M.TRADING ALSO CONTINUES TO BE IMPACTED BY RECENT UNSEASONAL WEATHER IN NORTH AMERICA.REMAIN CONFIDENT IN OUR COLLECTIONS FOR SPRING / SUMMER.PRIMARY FOCUS OF REMAINDER OF INDEPENDENT EXTERNAL INVESTIGATION WILL BE ON CO'S POLICIES, PROCEDURES AND HANDLING OF HR-RELATED COMPLAINTS.EXPECTED THAT HSF WILL CONCLUDE ITS INVESTIGATION EARLY IN Q2 2019.EXPECTED THAT HSF WILL CONCLUDE ITS INVESTIGATION EARLY IN Q2 2019."BOARD ARE COMMITTED TO ENSURING THAT ALL EMPLOYEES FEEL RESPECTED AND VALUED".FOLLOWING HIS APPOINTMENT AS EXECUTIVE CHAIRMAN, DAVID BERNSTEIN CBE HAS STEPPED DOWN FROM REMUNERATION COMMITTEE.ANTICIPATE FURTHER GROWTH ACROSS WHOLESALE BUSINESSES IN 2019.DEVELOPED NUMBER OF STRATEGIES AND CONTINGENCY PLANS WHICH WILL ASSIST IN MINIMISING DISRUPTION CAUSED BY BREXIT.WHOLESALE BUSINESSES IN 2019 TO SHOW LOW TO MID-SINGLE DIGIT SALES GROWTH.CONTINUE TO EXPLORE OPTIONS FOR DEVELOPMENT AND EXPANSION OF UGLY BROWN BUILDING TO SUPPORT FUTURE GROWTH PLANS.  Full Article

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.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.KELVIN TO NOT BE ENTITLED TO SALARY OR BENEFITS PAYMENT CONNECTED TO RESIGNATION OR IN RESPECT OF ANY PERIOD AFTER DATE OF HIS RESIGNATION.KELVIN'S 2016, 2017 AND 2018 LTIP AWARDS WILL LAPSE.KELVIN'S VESTED 2015 LTIP AWARD, WHICH VESTED OVER 19,873 SHARES IN COMPANY, WILL REMAIN EXERCISABLE FOR A PERIOD OF 12 MONTHS.  Full Article

Ted Baker To Buy Assets From Pentland Group
Monday, 10 Sep 2018 

Sept 10 (Reuters) - Ted Baker PLC ::ACQUISITION.PROPOSED DEAL FOR AGGREGATE CONSIDERATION OF £13 MILLION.DEAL INCLUDES AN ADJUSTMENT FOR NET ASSETS OF TARGET COMPANIES AS AT COMPLETION DATE.AGREEMENT WITH PENTLAND GROUP TO ACQUIRE ISSUED SHARE CAPITAL OF NO ORDINARY SHOES LIMITED AND NO ORDINARY SHOES USA LLC.ACQUISITION WILL BE FINANCED BY COMPANY'S EXISTING BANK FACILITIES.DEAL EXPECTED TO ENHANCE EARNINGS OF TED BAKER IN FY2019/20 AND BEYOND.ADJUSTMENT FOR NET ASSETS OF TARGET COMPANIES ANTICIPATED TO BE BETWEEN £4-8M, PAYABLE IN CASH ON COMPLETION.  Full Article

Ted Baker Says Group Revenue Up 4.2 Pct For 19 Weeks Ended June 9
Tuesday, 12 Jun 2018 

June 12 (Reuters) - Ted Baker PLC ::4.2% (7.5% IN CONSTANT CURRENCY) INCREASE IN GROUP REVENUE FOR 19 WEEK PERIOD FROM 28 JANUARY 2018 TO 9 JUNE 2018.TOTAL RETAIL SALES INCLUDING E-COMMERCE INCREASED BY 0.7%; AVERAGE RETAIL SQUARE FOOTAGE ROSE BY 5.7% TO 420,799 SQ.FT FOR 19 WEEK PERIOD.WHOLESALE SALES FOR PERIOD INCREASED BY 14.2% FOR 19 WEEK PERIOD FROM 28 JANUARY 2018 TO 9 JUNE 2018.REMAINS FOCUSSED ON DELIVERING BOARD'S EXPECTATIONS FOR FULL YEAR.RETAIL AND WHOLESALE GROSS MARGINS WERE IN LINE WITH EXPECTATIONS.E-COMMERCE SALES INCREASING BY 33.6 PERCENT FOR 19 WEEK PERIOD FROM 28 JANUARY 2018 TO 9 JUNE 2018."FOCUSSED ON DELIVERING FULL YEAR EXPECTATIONS, DESPITE CHALLENGING EXTERNAL TRADING CONDITIONS".CONTINUE TO ANTICIPATE ACHIEVING AT LEAST HIGH SINGLE DIGIT GROWTH (IN CONSTANT CURRENCY) IN WHOLESALE BUSINESS FOR FULL YEAR.  Full Article

Ted Baker Says FY Pretax Profit Up 12.3 Pct To 68.8 Mln Pounds
Thursday, 22 Mar 2018 

March 22 (Reuters) - Ted Baker Plc ::FY PRETAX PROFIT ROSE 12.3 PERCENT TO 68.8 MILLION STG.FINAL DIVIDEND 43.5 PENCEPER SHARE.TOTAL DIVIDEND UP 12.1 PERCENT TO 60.1 PENCEPER SHARE.FY GROUP REVENUE OF ‍591.7​ MILLION STG VERSUS 531.0 MILLION STG YEAR AGO.FY ‍RETAIL SALES UP 10.4% (8.5% IN CONSTANT CURRENCY) TO £442.5M​.FY ‍UK AND EUROPE RETAIL SALES UP 7.7% (6.4% IN CONSTANT CURRENCY) TO £301.1M​.FY ‍US AND CANADA RETAIL SALES UP 16.2% (12.4% IN CONSTANT CURRENCY) TO £120.1M​.FY ‍E-COMMERCE SALES UP 39.8 % (38.7% IN CONSTANT CURRENCY) TO £101.1M​.FY ‍WHOLESALE SALES UP 14.6% (13.3% IN CONSTANT CURRENCY) TO £149.2M​.FY ‍LICENCE INCOME UP 17.6% TO £21.4M​.‍CAPITAL EXPENDITURE IN NEW FINANCIAL PERIOD IS PLANNED TO BE AT £30.0M (2018: £36.6M)​.FY ‍GROUP GROSS MARGIN REMAINED CONSTANT AT 61.0% (2017: 61.0%)​.  Full Article

Ted Baker Group revenue increased by 7.3 pct for 13 week period
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Ted Baker Plc :‍Group revenue increased by 7.3% (8.0% in constant currency) for 13 week period from 13 August 2017 to 11 November 2017​.‍Retail sales increased by 4.6% for 13 week period from 13 August 2017 to 11 November 2017​.Wholesale sales for 13 week up 14.2% (15.4% in constant currency) reflecting good performances from both uk and North American businesses​.‍Anticipate low double-digit wholesale sales growth (in constant currency) for full year​.‍board is confident of meeting its full year expectations​.  Full Article

Ted Baker says H1 pretax profit up 17.8 percent
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - Ted Baker Plc :H1 PRETAX PROFIT ROSE 17.8 PERCENT TO 25.3 MILLION STG.INTERIM DIVIDEND UP 12.2 PERCENT TO 16.6 PENCEPER SHARE.HY ‍GROUP REVENUE UP 14.0% (9.5% IN CONSTANT CURRENCY) TO £295.7M​.HY ‍UK AND EUROPE RETAIL SALES UP 11.0% (9.1% IN CONSTANT CURRENCY) TO £145.6M​.HY ‍RETAIL SALES INCLUDING E-COMMERCE UP 13.9% (9.2% IN CONSTANT CURRENCY) TO £217.7M​.HY ‍NORTH AMERICA RETAIL SALES UP 18.8% (7.8% IN CONSTANT CURRENCY) TO £60.7M​.HY ‍ASIA RETAIL SALES UP 29.5% (19.6% IN CONSTANT CURRENCY) TO £11.4M​.HY ‍E-COMMERCE SALES UP 43.8% (40.7% IN CONSTANT CURRENCY) TO £42.7M​.HY ‍PROFIT BEFORE TAX AND EXCEPTIONAL ITEMS UP 12.7% TO £24.2M​.‍"WHILST TRADING CONDITIONS IN SOME MARKETS REMAIN CHALLENGING... CONFIDENT OF MAKING FURTHER PROGRESS FOR FY, IN LINE WITH OUR EXPECTATIONS"​.  Full Article

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Next Plc to replace Debenhams as Ted Baker's childrenswear licence partner

Fashion retailer Ted Baker Plc said on Friday it had signed a new product licence agreement with Next Plc , replacing Debenhams next year, to expand its collection of childrenswear.