Ted Baker reports rise in Christmas sales on the back of expansion
Strong growth in e-commerce sales boosted the company's retail performance over the festive season
Company
LON:TED
Ted Baker PLC is a designer brand that operates through three main distribution channels: retail, wholesale and licensing. It offers a range of collections, including menswear, womenswear, global, phormal, endurance, accessories, lingerie and underwear, childrenswear; fragrance and skinwear, footwear, eyewear, and watches.
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Strong growth in e-commerce sales boosted the company's retail performance over the festive season
Investments and investor services
The UK blue chip index rose to a new record high on Wednesday
Deutsche Bank expects Sainsbury’s will report a 0.4% gain in LFL sales from the year before, having revised this forecast down from its previous prediction of a 1.3% increase
Deutsche Bank downgraded its rating on Carpetright but upgraded ASOS as it took a look at the European non-food retail sector
“We find it difficult to see upside potential from current valuation levels, given limited catalysts and the longer-term risks we have discussed”
Ted Baker is confident of meeting its expectations for the full year
Ted Baker remains confident for the full year despite challenging trading conditions in the UK and the US
The UK benchmark finished the day at 7,538, up 30.38 points
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Day ahead includes a trading update from defence group BAE Systems, first half numbers from fashion firm Ted Baker, and an update from pubs firm Marston’s
A look at some of the top risers and fallers in London in afternoon trading
The FTSE 100 index closed 14.98 down at 7,507, above the day’s low of 7,496.14, and well below the opening high of 7,523.65
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The Week Ahead includes trading updates from media firms Sky PLC and Trinity Mirror PLC, as well as news from defence group BAE Systems PLC, and minutes from the FOMC meeting
UK retail shares have suffered as consumers feel the squeeze from rising living costs
FTSE 100 closed down 55 at 7,419 as retail shares took a beating
The FTSE 250-listed group saw its group revenue rise 14.2% year-on-year, while its total retail sales for the period increased by 14.3% - or 8.4% in constant currency – despite “external factors continuing to impact trading conditions acros
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Ted Baker says trading across its markets continue to be hit by ongoing external factors as clothing retailers come under pressure from rising inflation after the Brexit vote
An 18% increase in online sales was something of a Christmas present for the fashion and lifestyle group
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Sainsbury has continued to be a laggard in the supermarket sector, with the latest till roll data from Kantar Worldpanel released today showing its sales declining by 0.1%.
Given Next’s disappointing update this week, news from Marks and Spencer and Primark-owner Associated British Foods could send the most shivers through the sector.
There are short term positives and the fact many firms' share prices remain depressed mean there are opportunities for investors
In July, the group said it was monitoring the Brexit situation as movements in gross domestic product were drivers for volumes of letter and business parcels
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A look at some City analysts view on Tuesday.
External factors in established markets means trading conditions remain challenging - not that you'd know if from the fashion firm's half-year results
FTSE 100 shares narrowly missed out on a record closing high on Tuesday after slipping back from record levels thanks to renewed Brexit fears which sent the pound below $1.23, as well as growing expectations of a US rate hike this year. Ear
A look at next week's corporate offerings, which include big names like Sky and Marston's and WH Smith
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UBS upgrades gas and electricity firm Centrica, while Berenberg moves Aveva Group the other way
FTSE100 shares closed sharply lower on Tuesday amid falling oil prices and EU referendum jitters, whose downbeat theme was only shattered by takeover news at Premier Farnell PLC and positive feedback from brokers on Ted Baker
Designer fashion house boosted revenue by 11.3% in the 19 weeks to June 11
The company, which owns A-Plant in the UK, is expected to have kept up its double-digit growth rate
Numis is bullish on both Berkeley and Crest Nicholson, recommending investors 'add' them to the portfolio.
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BHP Billiton, Tullow Oil, Ted Baker, Antofagasta, and Wood Group are in the broker spotlight on Monday.
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Investors are reluctant to factor in the boost to earnings of the Argos acquisition for UK supermarket giant Sainsbury, reckons heavyweight broker Deutsche, which has upgraded the grocer.
The brand is "very much in the early stages of an international roll-out strategy", according to Cantor Fitzgerald
Fashion brand pleases City with higher clothing demand
Game Digital, Ted Baker, Stagecoach and Nostrum Oil & Gas were all in Wednesday’s broker spotlight.
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ASOS, Boo and SuperGroup to have full stockings, while M&S, Halfords and SPorts Direct may be disappointed says Peel Hunt
E-commerce sales were up 74.3% year-on-year, helped by a customer event
A plethora of interims awaits investors tomorrow, including from South Africa based investment bank Investec and baby retail specialist Mothercare (LON:MTC).
Total sales rose 24.5% year-on-year to £226.8mln in the six months to 15 August, while profits rose 14.6% to £17.8mln.
Investments and investor services
Below are the main news-driven share price movements at 4pm.
Tesco and Vedanta catch the eye next week which kicks off with the Conservative party conference.
Berenberg equity analyst, Michelle Wilson, believes a strong online presence is not enough for retailers.
Investments and investor services
The FTSE 100 was 30 points, or 0.5%, lower at lunch amid concerns that Greece may be heading towards a debt default.
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On what was a moderately quiet corporate news day, and as London shares eased lower, clothing retailers, BT (LON:BT.A) and Greece were topics trending on the net.
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FTSE 100 opened 45 points lower at 6,804 as Greece was told to stop gambling on its future by one EU leader.
Berenberg equity analyst, Michelle Wilson, believes an operationally strong online presence is not enough for retailers.
Growth boosted by strong performance at home and in North America.