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)
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2 Months : From Sep 2019 to Nov 2019

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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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