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HOLD-BUZZ-Ted Baker: falls after "worse than feared" sales growth

Reuters - UK Focus

** Ted Baker (Other OTC: TBAKF - news) falls as much as 4.4 pct to lowest level in nearly a year after reporting group sales growth that missed some analyst estimates

** Co reports a 4.2 pct rise in group sales for 19-wk period from Jan. 28 to June 9, while Jefferies analysts had expected 6.5 pct growth

** Stock among top pct losers on the FTSE 250

** Jefferies analysts (rate stock 'hold'), say that they expected the period to be challenging for Ted, but the 4.2 pct group sales growth was "worse than feared"

** Liberum - "The market backdrop is unhelpful, made more difficult by unseasonable weather across Europe and the U.S. and the well-publicised tough trading conditions"; broker leaves forecasts unchanged, has 'buy' rating on stock

** Shares (Berlin: DI6.BE - news) touch 2,280 pence - lowest level since July 11, 2017