City News: Ted Baker, GBK, and Gin distilleries
The group said retail sales rose 10.3 per cent on a constant currency basis in its first quarter, while online transactions rocketed 32.3 per cent and interims are expected to show another robust performance.
Analysts at Goldman Sachs are pencilling in a 13 per cent hike in first half pre-tax profits to £20million and for retail sales to have risen by 9.3 per cent.
While sales are likely to have slowed a little, it will mark resilience amid a torrid time for high street clothing chains.
As temperatures topped 93F (34C) last month, fashion sales fell 8.4 per cent year-on-year in the third... read more
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