Ted Baker is set to report a decline in annual profits on Thursday following a tough year for the fashion brand amid higher costs and challenging high street conditions.
Following a profit warning at the end of February, pre-tax profits for the financial year ended January 26 2019 are expected to be £63 million, compared with previous consensus estimates of £73.8m.
Last year the company's annual profit before tax was £68.8m.
Foreign exchange movements have affected profit by around £2.5m, primarily due to the change in the pound's value versus the dollar and euro.
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Upgrades to the group's systems have also cost approximately £2.5m, while transitions in Asia and the US resulted in a £5m writedown in the value of inventory stock.
The firm has also seen the departure of its founder Ray Kelvin.
The new chief executive of Boohoo, John Lyttle, has joined the online fashion chain's board with immediate effect.
Mr Lyttle will take the top job following an eight-year stint as chief operating officer of Primark.
He will replace Mahmud Kamani and Carol Kane, previously both joint CEOs, who are going on to assume the roles of group executive chairman and executive director respectively.
Housebuilder Berkeley Group reiterated its full-year guidance on Friday, citing a stable trading environment.
The FTSE 100-listed firm's guidance at the end of its previous financial annual results was for a pre-tax profit for the two years to April 30 of at least £1.58 billion, with guidance for the five years ending April 30 2021 of at least £3.38 billion.
Shares were up nearly 2% at 3,979p on Friday afternoon.
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