Ted Baker bucks high street gloom

Designer clothing brand Ted Baker posted strong first-half results led by growth in its overseas and online businesses, and raised the interim dividend 13.5 per cent.

The fashion retailer, which began as a menswear brand in Glasgow in 1987, said it remained cautious of the second half given the uncertain macroeconomic environment.

"Whilst we have made a good start to the financial year, our results for the full year will be dependent on trading in the second half of the financial year," Ted Baker, which has operations in the UK, the United States, continental Europe, the Middle East and Asia, said in a statement.

Britain's retailers are facing a string of challenges ahead of the crucial Christmas trading period as consumers squeeze spending amid an uncertain economy.

For the 28 weeks ended August 13, pre-tax profit rose to £8.5m from £7.5m last year. Revenue grew 17 percent to 102.8 million pounds.