FTSE SmallCap Ex Its Index logo

SMXX - FTSE SmallCap Ex Its Index News Story

£3760.29 48.2  1.3%

Sector
Size
Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 0

BUZZ-Ted Baker: Slides after management shuffle, outlook cut

Tue 10th December, 2019 8:33am
(Updates shares movement)
    ** British fashion retailer's shares  TED.L  plunge 35.5% to
269.57 pence, hitting their lowest level since 2003 after co
announces management shuffle 
    ** Co says its chief executive officer and chairman have
stepped down
    ** Stock underperformed the  .FTSX  by 4.3% in the last
month
    * TED has a current market cap of 120.14 million pounds 
($154.14 million), 82% lower than its market cap a year ago 
    ** Co also cut its full-year outlook and suspended its
dividend  urn:newsml:reuters.com:*:nL4N28K1UD
    ** Recently-appointed Chief Financial Officer Rachel Osborne
will take on the CEO role from Lindsay Page on an interim basis
- TED
    ** Sharon Baylay has assumed the role of acting chair,
replacing David Bernstein
    ** Including Tuesday's slide, TED down nearly 83% this year


($1 = 0.7794 pounds)

 (Reporting by Aakash Jagadeesh Babu in Bengaluru)
 ((Aakash.B@thomsonreuters.com; within the U.S. +16462238780,
outside the U.S. +91  80 67491576; Twitter: @JagadeeshAakash;))
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.