Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
Ted Baker posts dramatic jump in third quarter sales November 19, 2015 Retailer Ted Baker's sales soared double-digits in the third quarter thanks to a popular autumn/winter line and international store openings, the company reported in an statement this morning. Sales rose 20.5 per cent in the last three months while store sales jumped 18 per cent with openings in Stansted Airport, Amsterdam, Malibu, Toronto and Hawaii. [...]
Reiss to ramp up expansion overseas after doubling full-year profits October 19, 2015 Family-owned fashion retailer Reiss has said it plans to ramp up expansion overseas next year by adding 40 new stores, after it revealed record sales and profits. The upmarket high street brand, a favourite with royals and celebrities including the Duchess of Cambridge and Olivia Palermo, said strong growth through its website and existing stores help drive a [...]
UK footfall recovers in September but high streets lose out to retail parks October 19, 2015 Retailers enjoyed more visitors through their doors in September, boosted by the onset of the colder autumn weather and the August bank holiday falling into last month’s survey period. Footfall was almost flat on September last year, down by just 0.2 per cent, figures released today by the British Retail Consortium (BRC) and retail analysts Springboard [...]
Best of the Brokers for 08 October 2015 October 8, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com OLD MUTUAL Barclays upgraded the insurer from an “equal weight” rating to an “underweight” rating, noting that operations are “robust” across the firm;s key business units. The broker added that Old Mutual “offers attractive emerging market growth superior to most European peers, [...]
Ted Baker share price dips on warning over washout August October 6, 2015 Shares in Ted Baker were decidedly passé with investors this morning after a warning over softer trading in August overshadowed a 15 per cent leap in first half pre-tax profits. The fashion retailer, which has 416 stores, concessions and outlets across the world, said sales in August were hit by a number of “external factors”, including [...]
China slowdown: The two reasons British business should remain optimistic August 18, 2015 It’s easy to be down on China. Last week’s negative headlines after the unexpected devaluations of the renminbi (RMB) played into the “China slowdown” narrative which has taken root as this year’s accepted story. But we’re not giving China enough credit. By opening up the RMB to more market forces, it has moved one step [...]
Ceramics maker Portmeirion sits pretty after jump in profit August 7, 2015 PORTMEIRION said profits jumped by 45 per cent in the first half as the launch of a new tableware range with Ted Baker proved on trend with younger shoppers. The Aim-listed tableware producer, which also owns Spode, Royal Worcester and Pimpernel, said sales increased 14 per cent to £27.9m in the half year to 30 [...]
Best of the Brokers for 23 June 2015 June 22, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com TED BAKER Canaccord Genuity raised its target price for the apparel and footwear label to 3,450p from 3,180p, and maintained a “buy” rating. The broker said a recent trading update covering the 18 weeks to January 2016 confirmed that the iconic British brand [...]
Father’s Day gift ideas: From Armani sunglasses to special edition Lagavulin whisky June 18, 2015 Whether your old man likes to relax with a scotch or impress the office with his stylish new fashion accessories, these items are sure to make him happy this Sunday Ted Baker shoe polishing kit £40, tedbaker.com It's an axiomatic truth of the universe: dads love a pair of well-polished shoes. Now [...]
Razor sharp: Will King talks moving on from King of Shaves, politics, a plan for Tesco and why we need Tinder for voting May 4, 2015 I came, I saw, I shaved, I died’ isn’t how I want to be remembered,” quips Will King. In 1993, he founded King of Shaves, the popular men’s toiletries brand. In frustration over the poor quality of his own products, he turned to his then-girlfriend’s bath oil for a smoother finish. The resulting businesses, including [...]