UK based clothing designer and retailer Ted Baker performed well in the first eight months, with pre-tax profits up 19 per cent to £2.5m, it announced on Thursday.

During the same period, turnover increased by 39.7 per cent, while the interim dividend was raised 12.5 per cent to 2.7p per share.

Shares in the company jumped 7.35 per cent to 280p, valuing it at around £115m - an improvement on the year with shares having under-performed by around 20 per cent since January.

Soaring retail sales in the first seven weeks of the second half, up 58.7 per cent year on year, have led the retailer to make an optimistic forecast for its full year outcome. The strong growth is attributed to the early introduction of autumn/winter collections, and the opening of a new store.

To view related research reports, please follow the links below:-

Clothing Retailing

DINKY Market (UK)