Getting on the wrong side of your regulator is a bad idea. Particularly  in financial services

Secure Trust boosts Arbuthnot

Ted Baker enjoys festive boom

Ted Baker is pushing ahead with its overseas expansion after the fashion group posted a rise in half-year profits that beat City expectations.

The controversial bout between David Haye and Dereck Chisora will definitely go ahead, according to organisers, after the Luxembourg Boxing Federation reiterated its support for the fight despite a threat of expulsion from the European Boxing Union.

Ray Kelvin, founder of the fashion chain Ted Baker, is marrying his long-term girlfriend Clare this weekend and is almost more excited about that than the company's 12 per cent rise in profits last year. "I'm really excited," he exclaimed. "I've lost a lot of weight because she said I had to. And the business is going brilliant."

Ted Baker defied the gloom in fashion markets with a 12% rise in profits today, adding that its "exciting" overseas expansion plans should further boost prospects.

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Online fashion retailer ASOS maintained its rapid rate of growth today after revealing a 41% jump in annual profits to £28.6 million.

Ted Baker said it was "pleased" with early sales of its spring and summer collections, as it grew pre-tax profits by nearly a quarter. The quirky fashion brand, which has a retail, licence and wholesale arm, grew revenues by 14.7 per cent to £187.7m over the year to 29 January, boosted by an increase in selling space.