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
  -2.40 -0.6% 397.60 394.00 397.60 400.00 375.40 391.00 63,894 16:35:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 617.4 50.9 91.5 4.3 177

LONDON MARKETS: Ted Baker Shares Sliced By A Third After Reporting First-half Loss

03/10/2019 11:51am

Dow Jones News


Ted Baker (LSE:TED)
Historical Stock Chart

2 Months : From Sep 2019 to Nov 2019

Click Here for more Ted Baker Charts.

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.

1 Year Ted Baker Chart

1 Year Ted Baker Chart

1 Month Ted Baker Chart

1 Month Ted Baker Chart
Your Recent History
LSE
TED
Ted Baker
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20191121 01:33:20