|Bid||69.45 x 0|
|Ask||69.90 x 0|
|Day's range||67.50 - 72.75|
|52-week range||67.50 - 1,118.00|
|Beta (5Y monthly)||0.92|
|PE ratio (TTM)||N/A|
|Earnings date||21 Mar 2019|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||10 Oct 2019|
|1y target est||2,118.44|
The latest analyst coverage could presage a bad day for Ted Baker Plc (LON:TED), with the analysts making...
As the fashion retailer plans a £95m cash call, will a new strategy be enough to help Ted Baker survive?The post Could a ‘digital first’ strategy help the Ted Baker share price recover? appeared first on The Motley Fool UK.
It is the latest British company to seek cash from shareholders as the coronavirus pandemic plunges the economy into recession, following the likes of office provider IWG <IWG.L>, events guide specialist Time Out <TMOT.L> and caterer Compass <CPG.L>. Analysts say Ted Baker has struggled to hold on to customers amid online competition from the likes of Boohoo.com. For the year ended Jan. 25, Ted Baker made a pretax loss of 79.9 million pounds, compared with a profit of 30.7 million in the prior year.
A daily overview of the top business, market, and economic stories you should be watching today in the UK, Europe, and around the world.
The stock dropped as much as 15% on Monday morning after the struggling retailer announced it would sell shares at a 50% discount to raise new cash.
A coronavirus-triggered lockdown in the UK had forced the fashion retailer to shut all of its stores and furlough 75% of its staff. The British government said earlier this week that outdoor markets and car showrooms in England can reopen from June 1 followed by all other non-essential retail from June 15. Stores will look and operate very differently from how they did before a coronavirus lockdown was imposed on March 23 as they comply with new health and safety and social distancing rules.
You can share your thoughts with Thyagaraju Adinarayan (email@example.com), Joice Alves (firstname.lastname@example.org) and Julien Ponthus (email@example.com) in London. After the recovery in oil prices and the surprise expansion in Chinese factory activity revived confidence in equity markets, European bourses had a nice run this morning and even if later shares struggled to find a direction, they ended the day well on the black though. The pandemic has led Europe into a financial crisis which threatens to morph into a replay of the 2010 sovereign debt crisis which had the very existence of the euro zone at stake.
You can share your thoughts with Thyagaraju Adinarayan (firstname.lastname@example.org), Joice Alves (email@example.com) and Julien Ponthus (firstname.lastname@example.org) in London. Morgan Stanley believes earnings numbers on European retailers are now irrelevant and cash is becoming king instead.
A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.
London's FTSE 100 dropped on Monday, as economists slashed their expectations for the global economy this year and a raft of UK-based companies laid out expected hits to profit, cuts in spending and the potential for trouble with rising debt. The blue-chip index fell 4.8% by 0813 GMT - sinking back into the red after a two-day bounce due to the extraordinary stimulus unveiled by governments and central banks in the UK and beyond last week. British Prime Minister Boris Johnson warned the government may have to impose curfews and travel restrictions even as pubs, clubs and gyms remain closed.
It has closed 197 retail stores and concessions out of 416 locations globally with full shutdown in the United States, Canada, France, Spain, Germany, Portugal and Belgium. Ted Baker said its "inventory levels are sufficient", but it was suspending all non-essential capital expenditure and restricting travel to reduce costs and shore up cashflow.
Ted Baker to cut 160 roles after 'very challenging year'Move forms part of restructuring to secure long-term success of fashion retailer
The move comes a month after Ted Baker said inventory on its balance sheet was overstated by 58 million pounds, more than double its preliminary estimates. The company, known for suits, shirts and dresses with quirky details, also said it was looking to boost sales by focusing on digital growth, brand revitalisation and extending its product line.
Struggling fashion chain Ted Baker has announced a shake-up that will see the group shed 160 roles. The company said actions to reduce costs following a review would centre on its office functions and see 102 staff lose their jobs and a further 58 positions, currently vacant, remain so. Ted Baker has endured a series of profit warnings over the past year amid tough store trading and the emergence of a £58m black hole in its inventory that contributed to a collapse in its share price - losing almost three-quarters of its value.
Troubled fashion retailer Ted Baker said on Wednesday it would cut 102 jobs and remove another 58 posts, which are currently vacant, at its head office to reduce costs. Ted Baker has, however, seen its fortunes turn for the worse after allegations against former chief executive and founder Ray Kelvin relating to his habit of hugging business colleagues surfaced in 2018. Kelvin denies any improper conduct.
This week we saw the Ted Baker Plc (LON:TED) share price climb by 20%. But the last three years have seen a terrible...
Roebuck, who previously worked as the multichannel marketing director at French Connection, will be tasked with developing a customer and digital strategy across the business and exploring new digital partnerships. The British company has suffered a string of setbacks in the last year, including profit warnings, an inventory overstatement, a decision to suspend dividend payments and several management changes after misconduct allegations against founder and top shareholder Ray Kelvin - which he has denied. Lindsay Page's promotion to chief executive officer last April was seen as a turning point for the company, which has been trying to move past all the bad publicity.
Ted Baker balance sheet error worse than feared as woes deepen. Struggling fashion retailer’s shares fall after £58m hole in accounts revealed
Ted Baker, which has not revealed the reasons for the overstatement, said a review by business consultants Deloitte had largely been completed and it planned to update the market further at its preliminary results, expected in late March. The overstatement was disclosed in December, weeks after the company appointed Rachel Osborne as its new finance head. It is the latest in a string of setbacks in the last year, including profit warnings, a decision to suspend dividend payments, and management changes after misconduct allegations against founder and top shareholder Ray Kelvin, which he denies.
Lenders to Ted Baker, the struggling retailer which has been beset by financial and boardroom turmoil, have drafted in advisers to undertake an urgent assessment of its prospects. Sky News has learnt that Ted Baker's banking syndicate, which includes Barclays and Royal Bank of Scotland, have appointed restructuring experts from FTI Consulting to undertake an independent business review (IBR). Ted Baker endured the most difficult 12 months in its 31-year history in 2019, parting ways with founder and chief executive Ray Kelvin after a series of allegations by current and former employees about his behaviour.
The company's management has come under pressure since Ted Baker said earlier this month it may have overstated inventory by as much as 25 million pounds following multiple profit warnings for the year. The problems cap a tumultuous year for Ted Baker after misconduct allegations against Ray Kelvin, its founding former CEO and top shareholder, forced him to leave the company. Kelvin has denied the allegations.
A daily overview of the top business, market and economic stories you should be watching today in the UK and abroad.