FTSE 100 losses deepen as investor jitters over world economy linger October 3, 2019 Stock market losses deepened this morning, as investor fears of a global slowdown lingered following a major sell-off yesterday. Concerns over the state of the world economy have driven trading jitters this week, with the FTSE 100 the worst-hit index amid mounting Brexit uncertainty. The blue chip index fell 0.3 per cent per cent to [...]
Ted Baker shares crash as retailer swings to £23m loss October 3, 2019 Ted Baker’s share price crashed 25 per cent as markets opened today, following a disastrous set of results that saw it swing to a loss and warn on its full-year results. Investors sold out of the embattled fashion retailer to take shares down almost 28 per cent as it booked a £23m half-year loss for [...]
Debenhams finance chief exits after just 12 months to join Ted Baker September 26, 2019 Debenhams finance chief Rachel Osborne has stepped down in order to join struggling fashion brand Ted Baker. Osborne was appointed chief finance officer at the embattled department store in September last year, and has quit after one year to take on the same role at Ted Baker. Read more: Debenhams wins high court battle to [...]
Woodford Trust and Metro Bank kicked from FTSE 250 list September 4, 2019 Neil Woodford’s investment trust and high street lender Metro Bank have been booted out of the FTSE 250 list of the 101st to the 350th largest listed companies in Britain. Read more: Ally quits Neil Woodford’s trust Also kicked from the list were retailer Ted Baker and shopping centre owner Intu Holdings, whose market capitalisations [...]
To Infinity and beyond: Ted Baker seals deal to expand into Japan August 28, 2019 Ted Baker has inked a deal to sell its goods to Japanese department stores from October, telling investors it should offer an instant, if marginal, bump to its bottom line. Read more: Ted Baker finance boss bags new role at Mulberry The tie-up sees the retailer appoint Sojitz Infinity as its Japanese retail licence partner [...]
Ted Baker finance boss bags Mulberry role August 22, 2019 Ted Baker’s finance boss Charles Anderson has quit after 17 years to join luxury bag brand Mulberry. Anderson will join Mulberry’s board as group finance director in early October, replacing Neil Ritchie who stepped down on 30 June. During his time at Ted Baker, Anderson played an active role in its international expansion and systems [...]
Ted Baker to ditch Debenhams for Next on children’s clothing range August 16, 2019 Ted Barker is set to end its deal to sell its children’s clothing range at Debenhams’ stores in the latest blow to the department store chain. Instead, Ted Baker will team up with Next, who are going to “create and sell” Ted Baker-branded clothes, shoes and accessories for babies and children. Read more: Ted Baker [...]
KPMG fined £3.5m for BNY Mellon report misconduct August 1, 2019 Big Four firm KPMG has been fined £3.5m and one of its directors £52,000 for misconduct related to a client asset report for Bank of New York Mellon in 2011. Watchdog the Financial Reporting Council (FRC) levied a fine of £5m against KPMG which was discounted by 30 per cent for admissions of misconduct. It [...]
Ted Baker shares soar as Ray Kelvin considers backing buy-out July 22, 2019 Shares in Ted Baker soared this morning following reports that the luxury retailer’s founder Ray Kelvin would back a private equity buyout of the firm, months after he resigned amid allegations of sexual harassment. The retailer’s share price was up more than 15 per cent after it was reported that Kelvin had made enquiries about [...]
Ted Baker share plunge fails to attract buyers June 17, 2019 By Graeme Evans from interactive investor. Despite sinking to prices not seen since 2012, investing in Ted shares remains hugely speculative. Ted Baker (LSE:TED) shares are trading at levels not seen since November 2012 after another profits warning accelerated the de-rating of this former high-flying lifestyle brand. Whereas Ted’s shares had once been reassuringly expensive at around 30 times [...]