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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ted Baker Plc | LSE:TED | London | Ordinary Share | GB0001048619 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 109.80 | 109.80 | 110.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
By Steve Goldstein, MarketWatch
Shares in U.K.-listed retailer Ted Baker lost more than a third of its value as the company swung to a loss for the first half.
Ted Baker (TED.LN) shares dropped 35% as the company posted a GBP23 million loss before tax for the 28 weeks ending Aug. 10, with revenue weakening 0.7% to GBP303.8 million. It cut its dividend by more than half and said second-half trading has "started slowly" due to unseasonably warm weather.
Analysts at Liberum Capital slashed their pretax profit estimate for the full year by about 39%. "Forecasts and outlook have been impacted by a very tough market backdrop where discounting is prevalent, and consumer uncertainty has led to unpredictable trading patterns," the brokerage said.
Ted Baker shares have now lost 74% over the last 12 months.
The large-cap FTSE 100 meanwhile dropped 0.37% to 7096.11, after suffering its worst percentage decline in two-and-a-half years on Wednesday.
Miners including Glencore (GLEN.LN) and Anglo American (AAL.LN) paced declines.
Diageo shares (DGE.LN) rose 1.4% as tariffs imposed on the beverage maker by the U.S. were not as steep as analysts had feared.
(END) Dow Jones Newswires
October 03, 2019 06:36 ET (10:36 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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