Edition:
United Kingdom

Ted Baker PLC (TED.L)

TED.L on London Stock Exchange

1,886.00GBp
16 Jan 2019
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Latest Key Developments (Source: Significant Developments)

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

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

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How Britain's retailers fared over Christmas

British retailers are giving updates on Christmas trading, by far their busiest and most important period of the year, stretching from "Black Friday" on Nov. 23 to early January clearance sales.