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    TED   GB0001048619

TED BAKER PLC

(TED)
  Report
Real-time Estimate Cboe Europe  -  11:15 2022-09-28 am EDT
109.00 GBX   +0.18%
09/16Form 8.3 - Ted Baker
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09/08Dimensional Fund Advisors Ltd. : Form 8.3 - TED BAKER PLC - Ordinary Shares
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09/02FTSE 100 Rises 1.9% as Stocks Recover From Sell-Off
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FTSE 100 ends higher as miners shine, Ted Baker soars on buyout deal

08/16/2022 | 06:01am EDT

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window)

* BHP boosts miners after strong results

* Sterling slips after mixed labour market data

* FTSE 100 up 0.4%, FTSE 250 off 0.2%

Aug 16 (Reuters) - Britain's top share index ended near a 10-week peak on Tuesday as strong results from BHP Group sparked a rally in mining stocks, while fashion chain Ted Baker soared on a buyout deal.

The commodity-heavy FTSE 100 rose 0.4%.

London-listed shares of BHP Group Ltd rose 5.5% after the world's largest miner reported its strongest profit since 2011 on the back of gains in prices of coal and other commodities.

The stellar results lifted peers such as Rio Tinto, Glencore and Antofagasta. The wider mining index gained 3.7%.

"While economic concerns have brought volatility in the commodity space, the recent Russia-Ukraine war has helped drive demand for alternate energy such as coal and gas," Joshua Mahony, senior market analyst at online trading platform IG, said in a note.

"The forward-looking nature of markets should mean that investors look beyond any short-term weakening in favour of a 2024 recovery."

Another bright spot was Ted Baker, which surged 16.9% after Juicy Couture and Forever 21 owner Authentic Brands agreed to buy the company in a deal worth roughly 211 million pounds ($254.26 million).

The FTSE 100 has climbed over 8% since hitting its lowest point of 2022 in March and remains less than 2% away from surpassing the year's high.

However, the domestically focussed FTSE 250 index slipped 0.2% after Britain's super-hot labour market displayed signs of cooling.

The number of people in work expanded by 160,000 in the April-June period from the quarter before, far below the rise of 256,000 expected by economists in a Reuters poll. Meanwhile, earnings adjusted for consumer prices index fell 4.1%, the biggest drop since records began in 2001.

"We think wage pressures will begin to cool as margins are squeezed into winter. But for now, we think there's not much in these latest figures that will stop the Bank of England (BoE) from hiking rates by 50bp again in September," ING analysts said in a note.

Consumer prices data is due on Wednesday, with investors looking for cues on the BoE's next move. Money markets are currently pricing in an around 83% chance of a second consecutive 50-basis-point hike from the BoE next month. (Reporting by Sruthi Shankar, Johann M Cherian and Aniruddha Ghosh in Bengaluru; Editing by Vinay Dwivedi and Paul Simao)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ANTOFAGASTA PLC 2.75% 1103.5 Delayed Quote.-19.76%
AUSTRALIAN DOLLAR / BRITISH POUND (AUD/GBP) 0.42% 0.60261 Delayed Quote.12.03%
BHP GROUP LIMITED 0.13% 37.25 Delayed Quote.13.36%
CANADIAN DOLLAR / BRITISH POUND (CAD/GBP) 0.07% 0.680277 Delayed Quote.15.79%
DARKTRACE PLC -0.90% 309.9 Delayed Quote.-25.70%
EURO / BRITISH POUND (EUR/GBP) 0.19% 0.89643 Delayed Quote.6.34%
FTSE 100 0.20% 7000.28 Delayed Quote.-5.42%
FTSE MID 250 INDEX -0.55% 17212.82 Delayed Quote.-26.31%
GLENCORE PLC 1.88% 480.8 Delayed Quote.25.72%
INDIAN RUPEE / BRITISH POUND (INR/GBP) -0.13% 0.011392 Delayed Quote.15.62%
RIO TINTO PLC 1.68% 4862.5 Delayed Quote.-2.26%
TED BAKER PLC 0.18% 109 Delayed Quote.5.53%
US DOLLAR / BRITISH POUND (USD/GBP) -0.18% 0.931012 Delayed Quote.25.64%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.78% 57.698 Delayed Quote.-21.89%
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More news
Financials
Sales 2023 489 M 526 M 526 M
Net income 2023 - - -
Net Debt 2023 156 M 168 M 168 M
P/E ratio 2023 -
Yield 2023 -
Capitalization 201 M 216 M 216 M
EV / Sales 2023 0,73x
Capi. / Sales 2024 0,35x
Nbr of Employees 2 224
Free-Float 88,2%
Chart TED BAKER PLC
Duration : Period :
Ted Baker Plc Technical Analysis Chart | MarketScreener
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Technical analysis trends TED BAKER PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Last Close Price 108,80 GBX
Average target price 175,00 GBX
Spread / Average Target 60,8%
EPS Revisions
Managers and Directors
Rachel Claire Elizabeth Osborne Chief Executive Officer & Director
Helena Joan Feltham Chairman
Jonathan Kempster Independent Non-Executive Director
Fumbi Chima Independent Non-Executive Director
Meg Lustman Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
TED BAKER PLC5.53%216
INDITEX-25.76%63 262
FAST RETAILING CO., LTD.24.50%57 368
KERING-35.15%54 064
ROSS STORES, INC.-27.43%29 292
HENNES & MAURITZ AB-40.29%15 338