Ted Baker completes purchase of Ugly Brown Building
6th Jan 2016 07:46
(ShareCast News) - Fashion retailer Ted Baker said on Wednesday it had completed the purchase of its London headquarters. Known as "The Ugly Brown Building" in London's St Pancras, the property cost Ted Baker £1.18m a year in rent, and was purchased for £58.25m. When announced in December, the FTSE
Read moreSunday share tips: Persimmon, Vodafone, McBride, Telford Homes
3rd Jan 2016 14:47
(ShareCast News) - Now might be the right time to sell Persimmon shares, said the Sunday Times' Inside the City column, with a trading update due on Thursday. Investors in the house builder have seen the price triple in the last three years and received £800m in dividends. Persimmon was one of three
Read moreTed Baker's rating cut to 'hold' by Jefferies
23rd Dec 2015 15:37
(ShareCast News) - Ted Baker has had its rating cut by Jefferies to 'hold' from 'buy' as mild winter weather, discounting in the US and a slowdown in Asia is expected to slow sales at the luxury fashion retailer. Jefferies has lowered its annual pre-tax profit forecast on the company to £58.6m, in l
Read moreBroker tips: Ted Baker, Game Digital, Stagecoach
23rd Dec 2015 13:49
(ShareCast News) - Ted Baker has had its rating cut by Jefferies to 'hold' from 'buy' as mild winter weather, discounting in the US and a slowdown in Asia is expected to slow sales at the luxury fashion retailer. Jefferies has lowered its annual pre-tax profit forecast on the company to £58.6m, in l
Read moreFTSE 250 movers: Hastings jumps into risers after market promotion
21st Dec 2015 14:46
(ShareCast News) - With only three and a half days of trading this week, investors were optimistic and grabbing a few pre-Christmas bargains with the FTSE 250 up 85.45 points (0.50%) to 17,191.32 by mid-afternoon Monday. It was also the first day Morrisons was traded on the second tier market, after
Read moreTed Baker buys London HQ for £58m
17th Dec 2015 08:00
(ShareCast News) - Fashion retailer Ted Baker said it was buying its currently rented London headquarters for £58.25m. Known as "The Ugly Brown Building" in London's St Pancras, the property costs Ted Baker £1.18m a year in rent and the chance to buy it "provides the company certainty over operating
Read moreLondon close: Stocks end higher as miners and oil producers rally
6th Oct 2015 16:05
(ShareCast News) - The FTSE reversed an earlier decline on Tuesday to end higher, led by mining and energy producers as oil and base metal prices rallied. Oil producers Royal Dutch Shell, BP and BG Group were among the top risers as Brent crude and West Texas Immediate jumped 4% to $51.34 per barrel
Read moreStrong online growth drives Ted Baker's revenue up 24.5%
6th Oct 2015 07:48
(ShareCast News) - A 63.6% jump in online sales and strong retail sales at home has boosted Ted Baker's overall revenue by 24.5%. The FTSE 250 company posted its interim results for the 28 weeks to 15 August. Group revenue rose from £182.2m to £226.8m, spurred on by online sales of £22.9m. Sales i
Read moreFTSE 250 movers: Healthy rise for Synergy Health, Aggreko powers down
25th Sep 2015 16:18
(ShareCast News) - The FTSE 250 was up 287.23 points or 1.74% to 16,801.76, rising sharply on Friday morning on the back of Janet Yellen's comments overnight. Synergy Health shares skyrocketed on the news that a federal court in Ohio has ruled against the Federal Trade Commission's request for a pre
Read moreTed Baker revenue up 24%; on track to meet full-year expectations
12th Jun 2015 07:31
Fashion firm Ted Baker posted a 24.2% rise in revenue for the 18 weeks from 1 February to 6 June and said it remains on track to meet expectations for the full-year. Retail sales for the period increased by 18.9%, or 18.1% at constant currency, while e-commerce sales rose 46.9% on the back of furthe
Read moreThursday broker round-up
19th Mar 2015 15:59
Smiths Group: Charles Stanley downgrades to reduce while Nomura reiterates buy recommendation. Weir Group: Barclays reiterates equalweight and 1,700p target. Prudential: Barclays reiterates overweight and lifts target to 1,868p. Serco: Jefferies reiterates hold but trims target to 185p from 195p.
Read moreFTSE 250 movers: Retailers and energy stocks surge, ex-dividend insurers lower
19th Mar 2015 13:44
Supergroup made strong gains after Investec said a focus on retail execution and UK profit maximisation was a "major opportunity". The broker reiterated its 'buy' rating, with analyst Kate Calvert adding: "We see material growth opportunities, not only in maximising UK profitability by optimising it
Read moreTed Baker posts strong full-year revenues as e-commerce sales expand
19th Mar 2015 08:25
UK clothing designer Ted Baker enjoyed a strong year in 2014 driven by a rise in e-commerce and US sales. Revenues were up 20.4% to £387.6m, helped by e-commerce sales rising 58.2% to £36.7m. Pre-tax profits marched 25.3% higher to £48.8m, driving earnings per share up to 82p from 67.2p. Chief exe
Read moreFTSE 250 movers: Afren lower on debt-for-equity swap, retailers and health stocks higher
16th Mar 2015 14:11
Afren's share price was extending Friday's losses when the company proposed a debt-for-equity swap with lenders to keep it afloat. The deal will lead to a substantial dilution of shareholders' interests. More broadly, oil stocks tumbled on declining Brent crude prices, with Premier Oil and Nostrum O
Read moreTed Baker expands into interior design
10th Mar 2015 11:43
British clothing designer Ted Baker has sashayed into interior design services via a deal with a property group set up by chief executive and founder Ray Kelvin, called THAT Bournemouth Company. The deal, worth £250,000, will see Ted Baker provide a trademark licence and design services for the deve
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