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N Brown Group plc

BWNG.L

Latest Trade

117.20GBp

Change

1.30(+1.12%)

Volume

491,858

Today's Range

115.20

 - 

124.90

52 Week Range

81.65

 - 

153.00

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

N Brown first-half profit rises, boosted by online push

Oct 10 (Reuters) - N Brown Group PLC <BWNG.L>::H1 PRETAX PROFIT ROSE 169.4 PERCENT TO 18.8 MILLION STG.HY GROUP REVENUE DECLINED 5.4% TO £432.9M.DECLARING AN INTERIM DIVIDEND OF 2.83P PER SHARE WHICH IS FLAT ON LAST YEAR'S INTERIM DIVIDEND.BOARD'S FULL YEAR EXPECTATIONS ARE UNCHANGED.MINDFUL OF CONTINUED CHALLENGING MACRO-ECONOMIC ENVIRONMENT AND SIGNIFICANT UNCERTAINTIES SURROUNDING BREXIT.FY20 YEAR-END NET DEBT GUIDANCE BETWEEN £470M TO £490M.N BROWN - AS RESULT OF AUGUST SPIKE IN INFORMATION REQUESTS, COMPLAINTS, ADDITIONAL PROVISION FOR CUSTOMER REDRESS OF £25M MADE IN HY.HY ADJUSTED PBT INCREASED 3.9% TO £31.8M.CONTINUED FOCUS HAS BEEN PLACED ON GROUP'S OVERALL HEDGING POSITION TO ENSURE APPROPRIATE COVER EXISTS OVER NEXT 18 MONTHS.CURRENT HEDGING POLICY DOES NOT EXTEND BEYOND 24 MONTHS..N BROWN - BREXIT STEERING GROUP CONTINUES TO MAP SPECIFIC SCENARIOS AND DRIVE ACTIONS TO MITIGATE POTENTIAL RISK ARISING FROM A NO DEAL BREXIT.N BROWN - REVIEW OF 3RD PARTY SUPPLIER READINESS FOR NO DEAL COMPLETED.N BROWN - DETAILED MODELLING OF POSSIBLE NO DEAL SCENARIOS BEING DONE TO MITIGATE IDENTIFIED BREXIT RISKS.N BROWN - LIQUIDITY HEADROOM IMPACTED BY FURTHER FINANCIAL REDRESS PROVISIONS DUE IN FY20, WOULD BE ADDITIONALLY IMPACTED BY ADVERSE MARKET CONDITIONS.

N Brown expects extra PPI provision of 20-30 mln stg

Sept 12 (Reuters) - N Brown Group PLC <BWNG.L>::BROWN (N.) GROUP PLC - UPDATE ON FINANCIAL REDRESS.

N Brown Q1 Total Revenue Falls 3.8%

June 20 (Reuters) - N Brown Group PLC <BWNG.L>::BROWN (N.) GROUP PLC - TRADING STATEMENT.N BROWN GROUP PLC - ‍Q1 TOTAL REVENUE -3.8%.N BROWN GROUP PLC - SOLID TRADING PERFORMANCE, CONTINUED GROWTH IN DIGITAL REVENUE, FULL YEAR EXPECTATIONS UNCHANGED.N BROWN GROUP PLC - QTRLY DIGITAL REVENUE +3.0%.N BROWN GROUP PLC - NO CHANGE TO FULL YEAR GUIDANCE.N BROWN GROUP PLC - QTRLY PRODUCT REVENUE -5.4%.N BROWN GROUP PLC - QTRLY FINANCIAL SERVICES REVENUE +8.0%.N BROWN GROUP PLC - RETAIL MARKET REMAINS CHALLENGING.N BROWN GROUP PLC - 84% OF DIGITAL TRAFFIC NOW FROM MOBILE DEVICES, AN INCREASE OF 6PPTS DURING QUARTER.N BROWN GROUP PLC - DELIVERED DIGITAL REVENUE GROWTH ACROSS JD WILLIAMS, SIMPLY BE, AMBROSE WILSON AND JACAMO IN QUARTER.N BROWN GROUP PLC - CONTINUED MANAGED DECLINE IN HOUSE OF BATH, HIGH & MIGHTY AND PREMIER MAN IN QUARTER.

Invesco Ltd Cuts Stake In N Brown To 4.50 Pct From 9.81 Pct - Filing

May 3 (Reuters) - N Brown Group PLC <BWNG.L>::INVESCO LTD CUTS STAKE IN N BROWN TO 4.50 PERCENT FROM 9.81 PERCENT - FILING.

N Brown core earnings up 7.9 pct

May 2 (Reuters) - N Brown Group <BWNG.L>::FY REVENUE FELL 0.8 PERCENT TO 914.4 MILLION STG.ADJUSTED PROFIT BEFORE TAX(2) 83.6 MILLION STG VERSUS 81.6 MILLION STG, +2.5%.ADJUSTED EBITDA INCREASED 7.9% TO £128.0M.STATUTORY LOSS BEFORE TAX REFLECTS EXCEPTIONAL COSTS, LARGELY RELATING TO LEGACY ISSUES.AT THIS STAGE IN NEW FINANCIAL YEAR OUR OVERALL EXPECTATIONS ARE UNCHANGED.FULL YEAR DIVIDEND (PER SHARE) 7.1 PENCE VERSUS 14.23 PENCE (50.1)%.

N Brown Group Appoints Steve Johnson As CEO

Feb 26 (Reuters) - N Brown Group PLC <BWNG.L>::BROWN (N.) GROUP PLC - N BROWN GROUP APPOINTS STEVE JOHNSON AS CEO.N BROWN GROUP PLC - STEVE WAS APPOINTED INTERIM CEO IN SEPTEMBER 2018 HAVING PREVIOUSLY ACTED AS CEO OF FINANCIAL SERVICES FOR GROUP.

N Brown Says FY Expectations Unchanged

Jan 17 (Reuters) - N Brown Group PLC <BWNG.L>::TRADING STATEMENT.QTRLY GROUP REVENUE -1.6 PCT.QTRLY DIGITAL SALES NOW ACCOUNT FOR 78.5 PCT OF PRODUCT REVENUE COMPARED TO 71.0 PCT FOR SAME PERIOD LAST YEAR.CONTINUE TO MANAGE ANTICIPATED DECLINE OF OUR LEGACY OFFLINE BUSINESS.TRADING OVER CYBER AND CHRISTMAS PERIODS WAS RELATIVELY CONSISTENT AND IN LINE WITH OUR EXPECTATIONS.FULL YEAR EXPECTATIONS UNCHANGED.TOTAL Q3 PRODUCT SALES (EXC. STORES) DECLINED BY 6.0 PCT.CONTINUES TO EXPECT THAT ITS MARKETING COSTS WILL INCREASE BY £6M TO £9M P.A. ON A FULL-YEAR BASIS FROM FY20.

N Brown Sees Higher Irrecoverable VAT On Marketing Costs After HMRC Tribunal Ruling

Nov 13 (Reuters) - N Brown Group PLC <BWNG.L>::GROUP HAS NOW RECEIVED A DRAFT DECISION FROM TRIBUNAL ON VAT PARTIAL EXEMPTION, WHICH IS CURRENTLY BEING ASSESSED IN DETAIL.FINANCIAL IMPLICATIONS OF THIS RULING FOR N BROWN REMAIN UNCERTAIN PENDING ITS ULTIMATE OUTCOME.DRAFT RULING HAS MIXED IMPLICATIONS FOR CO AND CO IS "DISAPPOINTED BY CURRENT OUTCOME".JUDGE AGREED WITH HMRC, FINDING THAT WHEN GROUP IS MARKETING GOODS IT IS ALSO IN EFFECT MARKETING FINANCIAL SERVICES.EXPECTS THAT IRRECOVERABLE VAT ON ITS MARKETING COSTS WILL INCREASE BY BETWEEN £6M TO £9M PER ANNUM ON A FULL-YEAR BASIS FROM FY20.REMAINS COMFORTABLE WITH MARKET EXPECTATIONS FOR CURRENT YEAR.CONSIDERING ITS POSITION WITH RESPECT TO AN APPEAL ON HMRC VAT TRIBUNAL DECISION.JUDGE RULED AGAINST HMRC, DIRECTED IN APPORTIONING COSTS VIA TURNOVER RATIO, VATABLE PRODUCT TURNOVER SHOULD BE INCLUDED IN FULL.ASSESSING ANTICIPATED MATERIAL NON-CASH EXCEPTIONAL CHARGE TO INCOME STATEMENT IN FY19 RELATING TO PARTIAL IMPAIRMENT OF EXISTING VAT DEBTOR.JUDGE RULED AGAINST HMRC, DIRECTED IN APPORTIONING COSTS VIA TURNOVER RATIO, VAT EXEMPT FINANCIAL SERVICES INCOME SHOULD IN PART BE EXCLUDED.

N Brown Halves Dividend, H1 Adj. Pretax Profit Falls

Oct 11 (Reuters) - N Brown Group PLC <BWNG.L>::H1 PRETAX LOSS -27.1 MILLION STG.HY GROUP REVENUE 457.8 MILLION STG VERSUS 453.4 MILLION STG.HY PRODUCT REVENUE 304.5 MILLION STG VERSUS 314.1 MILLION STG.HY ADJUSTED PBT 30.6 MILLION STG VERSUS 32.2 MILLION STG.HY STATUTORY LOSS BEFORE TAX 27.1 MILLION STG VERSUS 27.6 MILLION STG LOSS.INTERIM DIVIDEND 2.83P.GOING FORWARD EXPECT OFFLINE SALES TO CONTINUE TO FALL AS CO FOCUSES ON ONLINE POWER BRAND GROWTH.INTERIM DIVIDEND REDUCED BY 50.0% TO 2.83P.DISAPPOINTED WITH WIDER PRODUCT PERFORMANCE.WIDER PRODUCT PERFORMANCE IMPACTED BY ONGOING DECLINE OF LEGACY OFFLINE BUSINESS AND CHALLENGING MARKET CONDITIONS.EXPECT OFFLINE SALES TO CONTINUE TO FALL AS WE FOCUS ON ONLINE POWER BRAND GROWTH.FULL YEAR EXPECTATIONS ARE UNCHANGED.SEES FY19 PRODUCT GROSS MARGIN: 0 TO -100BPS (WAS 0 TO +100BPS).SEES FY19 PRODUCT GROUP OPERATING COSTS: DOWN 1% TO 3% (WAS UP 1.5% TO 3.5%).SEES FY19 NET DEBT: £450M TO £475M (WAS £425M TO £450M).GROSS MARGIN WAS 54.2%, DOWN 60BPS COMPARED TO H1 FY18.

N Brown CEO Angela Spindler To Step Down

Sept 12 (Reuters) - N Brown Group PLC <BWNG.L>::N BROWN GROUP PLC - ANGELA SPINDLER TO STEP DOWN AS CHIEF EXECUTIVE OFFICER.N BROWN GROUP PLC - ANGELA SPINDLER TO STEP DOWN AS CHIEF EXECUTIVE OFFICER.N BROWN GROUP PLC - BOARD OF N BROWN GROUP PLC ANNOUNCES THAT IT IS TO COMMENCE SEARCH FOR A NEW CHIEF EXECUTIVE.N BROWN - BOARD HAS ASKED STEVE JOHNSON, CURRENTLY CEO OF FINANCIAL SERVICES BUSINESS, TO ASSUME ROLE OF INTERIM GROUP CEO.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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