Ted Baker bosses resign as firm’s woes continue and profit warning issued

Adam Vettese, an analyst at multi-asset investment firm eToro, said: “As trading updates go, this couldn’t get much worse: a profit warning, the resignation of your CEO and suspending your dividend.

“All of this caps off what has been a truly awful year for Ted Baker. A string of profit warnings has slashed the fashion chain’s shares by more than 80% in the past 12 months, making it a poster child for the ills plaguing the High Street.

“While it is on course to make a profit, there is no doubt Ted Baker is in serious trouble following a dire Black Friday trading period. Retailers and investors alike will hope today’s announcement is not a preamble for a miserable Christmas trading period for the wider sector.”