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Ted Baker PLC (TED.L)

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Latest Key Developments (Source: Significant Developments)

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

Ted Baker Names Sharon Baylay Independent Non-Exec Director
Monday, 18 Jun 2018 

June 18 (Reuters) - Ted Baker Plc ::DIRECTORATE CHANGES.APPOINTMENT OF SHARON BAYLAY AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR WITH EFFECT FROM 15 JUNE 2018.  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

UPDATE 2-KPMG admits misconduct on BNY Mellon reports, says watchdog

* KPMG subject of other FRC investigations (Adds detail, background, KPMG and BNY Mellon comments)