Ted Baker in for rocky ride

TED Baker faces another week of turmoil after founder Ray Kelvin took a leave of absence over more ‘serious allegations’ about his behaviour with employees.

Investors in the fashion retailer are braced for a bumpy ride when markets open today. Its shares plunged 3pc in the final minutes of trading when Kelvin’s leave was announced on Friday.

The 62-year-old boss, who owns 35pc of the firm, is accused of giving ‘forced’ hugs and straddling a female employee in the office.