Shareholders need to hear more than just contrition if they are to believe in the future of M&S November 8, 2018 Another day, another bleak set of results from a struggling high street retailer. This time it was the turn of M&S to take centre stage, reporting falling food and fashion sales and pledging to leave “no stone unturned” in its bid to restructure the business. Blighted by rising costs, more competition, and major changes in [...]
Ted Baker share price slides as profits fall amid ‘challenging’ high street October 4, 2018 Profits dropped at fashion house Ted Baker today as it blamed “challenging trading conditions”, with no let up expected for the latter half of the year, sending shares sliding around 12 per cent in early morning trading. Read more: Moss Bros issues profit warning The figures Ted Baker saw profits before tax dip 3.2 per [...]
Ted Baker expected to boost revenues despite high street worries September 30, 2018 Retailer Ted Baker is expected to show it has raised revenues in results released this week, despite tough high-street conditions. Analysts suggest the clothing company’s half-year revenue will be shown to have gone up around 4.5 per cent when it announces results this Thursday, as luxury goods continue to escape the bloodbath at the lower [...]
Labour mulls break-up of Big Four accountancy firms September 21, 2018 The Labour party is weighing up radical plans to break up the Big Four accountancy firms, amid mounting pressure on the UK’s scandal-hit auditors. Shadow chancellor John McDonnell vowed to end what he described as a “cartel” among the country’s largest bean counters in the run-up to his party conference this weekend. “They have demonstrated [...]
A summer to forget: KPMG reputation dealt another blow after admitting to compliance report misconduct September 19, 2018 Scandal-hit KPMG has admitted to misconduct over compliance reports made for a unit of the Bank of New York (BNY) Mellon Group in another fresh embarrassment for one of the Big Four accountancy firms. The UK’s accountancy watchdog said today that KPMG and one of its partners Richard Hinton accepted they had fallen short of standards [...]
Ted Baker sales and profits driven up by strong performance in Europe and the US March 19, 2015 Ted Baker grew in its established markets last year, and expanded to new areas. The figures During the 53 weeks to 31 January, Ted Baker's retail sales rose 18.4 per cent to £306.9m, while pre-tax profits jumped to £49.5m – 20.4 per cent higher than in 2013. This exceeded the British fashion brand's expected profit [...]
Ted Baker reaps good tidings from Christmas January 8, 2015 LUXURY fashion group Ted Baker has had a good Christmas. It saw retail sales up 23 per cent year-on-year in the eight weeks to 3 January and enjoyed a 66 per cent rise in online sales. “We will continue to invest in people and infrastructure as we expand the Ted Baker brand globally,” said chief [...]
Ted Baker bucks high street trend with strong sales January 8, 2015 Ted Baker defied warm weather which kept shoppers away from high streets as sales surged over the Christmas period. The upmarket fashion group said retail sales rose 22.8 per cent year-on-year in the eight weeks to 3 January. Online sales also soared 66 per cent, boosted by an overhaul of its US website in July. [...]
Ted Baker sales look sharp after growth abroad November 13, 2014 Ted Baker posted a jump in third-quarter sales yesterday as its fast-growing portfolio of stores overseas helped to ease the impact of the warm Autumn weather that has plagued retailers in the UK. The British clothing brand, which was originally founded as a shirt specialist in Glasgow 26 years ago by chief executive Ray Kelvin, [...]
Ted Baker defies retail gloom with strong international and web sales October 2, 2014 Ted Baker profits rose 24 per cent to £14m in the last half year, as the fashion retailer benefited from international sales. The brand’s revenue also lifted 17.4 per cent to £182m and web sales rose 49 per cent, to £14m. UK and European sales soared 15.1 per cent to £104.5m, American and Canadian sales [...]