Company
N Brown Group PLC
LON:BWNG
Brown Group is principally engaged in retailing through direct home shopping. Some of its wholly-owned subsidiaries include J D Williams & Co. Limited, which is engaged in direct home shopping by catalogue; J D W Finance Limited, which is engaged in financing and ancillary services; N B Insurance Guernsey Limited, which is engaged in insurance services, and First Financial Limited, which is engaged in financial services.
94 stories
N Brown shares slump as weaker consumer confidence set to stick
N Brown shares fell almost 15% following the retailer's full-year results
N Brown blames weaker consumer confidence as profits fall
It expects year-end net debt to be reduced compared to last year, whereas previous estimates were in line with last year’s closing position
Syncona climbs on back of investment in SwanBio
A look at the major movers on the London market on Wednesday
N Brown slides as it says earnings will be at the lower end of the guidance range
The board remains confident in achieving the group's medium-term objective of delivering sustainable profitable growth.
N Brown down 4.3% after downgrade by American investment bank
Jefferies moved to 'hold' from 'buy' while slashing its price target for shares in the catalogue retailer
N Brown says Allianz Insurance wants to add £36mln to JDW court claim
The insurer has been involved in litigation with the retailer's subsidiary over general insurance policies
N Brown trading in line with expectations as sales improve
The retailer also expects to offset more than 80% of an absolute gross margin decline through cost savings
Archive
Small Cap Movers: N Brown to leave premium listing for junior market in week of acquisitions
A look back at some of the more interesting stories from London's junior market over the past week
N Brown wants to raise £100mln and move to AIM after profits decline
“The proposed capital raise will give us the firepower to invest further in our digital capabilities and accelerate our growth strategy,” said CEO Steve Johnson
N Brown sees improved trading, secures new financing agreements
Sales were down 25% in the last six weeks compared to a 40% plunge in the third week of March
N Brown takes emergency action after sales drop 40% in a week
Dividends have been postponed indefinitely, stock purchases halted and all non-essential expenditure stopped
N Brown downgraded to ‘hold’ by Peel Hunt over financial services division pressure
Analysts also cut the target price to 150p from 200p and revised down their adjusted profit before tax forecast to £70.8mln from £84.1mln
N Brown issues double profit warning as sales slip
The retailer said profits for this year and next will be in the range of £70mln to £72mln
N Brown trends up as digital transformation takes hold
The chief executive said the retail environment remains "heavily promotional"
N Brown joins RBS, Lloyds, Barclays and CYBG in announcing PPI claims hit
The extra provision for PPI claims has led the group to raise its full-year net debt guidance
N Brown reiterates full-year guidance as first quarter revenue drops
"The retail market remains challenging, but we have a clear strategy to deliver profitable digital growth and our full year expectations are unchanged," said chief executive Steve Johnson.
Investments and investor services
FTSE 100 closes higher as global markets buoyed by Fed's hint on rates
Carnival and Evra were the two big fallers among Footsie constituents
Archive
After Federal Reserve decision, ECB boss comments, Bank of England expected to stand pat on rates
Aside from the BoE Monetary Policy Committee decision, the Day Ahead will also bring updates from two mid-cap retailers - Dixons Carphone and N Brown Group
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Federal Reserve rate decision to dominate in week ahead, with BoE meeting likely to be dull
The corporate diary is fairly sparse, but there are some bright spots, notably updates from refocused blue chip hotels group Whitbread and housebuilder Berkeley Group
N Brown swings to full year loss but shares jump as it issues positive outlook
N Brown left its expectations for the 2020 financial year unchanged
N Brown makes interim CEO Steve Johnson permanent
Johnson had filled the position as a placeholder when incumbent CEO Angela Spindler abruptly left the online retailer in September
N Brown shares slip as sales fall over key Christmas trading period
“We continue to manage the anticipated decline of our legacy offline business and remain focused on improving our customer proposition to drive profitable online growth,” said chief executive Steve Johnson.
Investments and investor services
FTSE 100 finishes lower as uncertainty continues to be the watchword
The UK's premier share index finished down over 27 points at 6,834
Archive
Whatever the UK government no-confidence vote outcome, investors will have plenty to chew over on Thursday
The Day Ahead will bring updates from the likes of Primark-owner Associated British Foods, a caffeine-free Whitbread, credit checker Experian, and software firm Sage
N Brown considers appeal on tax ruling in long-running dispute with HMRC
N Brown expects to pay an additional £6mln to £9mln in marketing costs from 2020 following the ruling.
N Brown slumps as tough retail market and offline business weigh on revenue
N Brown has warned that it expects lower offline sales to weigh on revenue in the short term as it focuses on core brands and the online business
Investments and investor services
FTSE 100 closes down nearly 2% as the big sell-off continues
The UK blue-chip benchmark finished down nearly 139 points lower at 7,006 - not far from the 7,000 mark
Archive
Hays to receive boost from German operations
Solid results from sector peer PageGroup should give Hays shareholders cause to feel optimistic
Berenberg initiates Joules, Quiz, and N Brown as it assesses shifting competition landscape in UK retail
Analysts said that due to the struggles faced by bricks and mortar retailers, companies with “omni-channel” business models could thrive in the new market environment
Archive
Retailers and recruiters in week ahead spotlight with results from N Brown, WH Smith, PageGroup and Hays
The week ahead sees updates from N Brown, WH Smith, Hays, PageGroup, Greggs, RPC Group and Marston's
N Brown: Jacamo and Simply Be owner mulls store closures
The Jacamo and Simply Be 'power brands' are outperforming and the majority of revenue comes via online ordering, meanwhile, store based footfall was weaker
Investments and investor services
FTSE 100 closes higher as European Central Bank message cheers markets
The FTSE 100 has clawed back all of this morning's losses and some, while the ECB has unveiled plans to end its quantitative easing programme in December
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QE or not QE, that will be the question for the ECB Council meeting on Thursday
Aside from the ECB meeting, the day ahead also includes an annual general meeting for Wm Morrison Supermarkets, and updates from PZ Cussons and Majestic Wine
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All eyes to be on trading news from Tesco - although investors have to wait until Friday
Aside from a first-quarter update from Tesco, the week ahead will include an annual meeting for rival Morrison's, plus the latest US Federal Reserve and ECB policy meetings
N Brown shares jump as it reports growth in profits despite challenging market
N Brown said out of its three "power brands", Simply Be continues to be the standout, with revenue up 16.3%
Investments and investor services
FTSE 100 closes above 7,420 but gains capped by fall in Shell, US trade deficit in goods drops
Imports in the period fell 2.1%, while exports increased 2.4%
Shire takeover talk will overshadow results after Takeda upped the ante
Takeda on Wednesday increased its offer for Shire up to £46bn or £49 per share.
Archive
Lloyds, Barclays, RBS, GSK and Shire kick off earnings season for banks and pharmas
The week ahead in includes updates from Lloyds, Barclays, RBS, Shire, GSK, Whitbread, Persimmon and Shell
Former Tesco UK boss Matt Davies to join N Brown as chairman
Matt Davies will join N Brown at the start of May, replacing Andrew Higginson
Deltex Medical slides after issuing shares at 1.25p a pop
A look at some of the day's big movers, such as Altyn, Thor Mining, N Brown, and Pets at Home
N Brown's margins slide as promotional blitz bites
N Brown's core market is women aged 50 or over who are size 20 or above
Investments and investor services
FTSE 100 finishes higher but miners weigh
The pound is down 0.21% against the Euro and off 0.04% against the US dollar at the time of writing
Archive
Consolidation and improving market conditions to lift trading at discount airline easyJet
Day ahead includes trading updates from easyJet PLC, Cairn Energy PLC, Marston's PLC, Pets at Home PLC, plus interim results from IG Group PLC
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Margin improvements the focus for interims from drinks group Diageo in coming week
Week ahead includes updates from Diageo PLC, easyJet PLC, Dixons Carphone PLC, ASOS PLC, Sky PLC, JD Wetherspoon PLC, plus UK labour market and GDP data
Mixed earnings read-across for blue chips Ashtead Group and WPP
A look at some of the biggest risers and fallers today in London
Koovs jumps on partnership deal with online clothing retailer N Brown
A look at some of the biggest risers and fallers today in London
Simply Be stars for N Brown but currencies a problem
N Brown made significant gains in the market share for ladieswear despite a subdued consumer backdrop
FTSE 100 closes at record high bolstered by weak pound on Brexit talks 'stalemate'
In a joint news conference held later in the day, Barnier admitted that some progress had been achieved on citizens' rights and Ireland's common travel area
Archive
Sky in bid limbo but revenues still growing; Trinity Mirror update to be another media focus in week ahead
The Week Ahead includes trading updates from media firms Sky PLC and Trinity Mirror PLC, as well as news from defence group BAE Systems PLC, and minutes from the FOMC meeting
N Brown shares plunge as annual profits face £40mln hit over 'flawed' insurance products
N Brown expects to incur an exceptional cost of between £35mln and £40mln this year relating to potential customer redress
Barclays, Lloyds, and RBS shares slide after BoE says interest rates should remain on hold
A look at today's biggest risers and fallers in London
N Brown in fashion as first quarter sales boosted by online performance
The high street performance wasn’t as good though, with the retailer to shut five high street stores
FTSE 100 closes 51 lower amid sterling losses and Brexit worries
The pound has plummeted against the dollar on dovish remarks from Bank of England Governor Mark Carney
Kingfisher lifted by rating upgrade from HSBC, but other retailers downgraded
The bank has raised its stance for the B&Q chain owner to ‘buy’ from 'hold’ with an increased price target of 440p, up from 380p previously
BP ticks higher as shareholders back CEO's reduced pay at AGM
A look at some of the biggest London-listed risers and fallers today
Partnership deal with Tesco helps N Brown overcome drop in full-year profits on mis-selling charge
The firm saw its pre-tax profit drop to £57.6mln for the year to March 4, down from £72.2mln a year earlier, impacted by an exceptional cost of £25.2mln relating to customer complaint redress in its financial services business
UBS downgrades ratings for M&S and N Brown Group on worry over older consumer spending
In a note to clients, the Swiss broker’s analysts said that the most recent UBS Evidence Lab consumer survey shows “a substantial slowdown in spending expectations in the next 12 months on clothing, especially amongst the older and lower in
N Brown Group shares rise 10% after upbeat Christmas trading statement
“We are benefitting from improved trading agility as a result of the transformational changes we have made,” said chief executive Angela Spindler.
Archive
Week Ahead: Christmas hangover lingers for retailers
Among the big retail names reporting are Burberry, Halfords and Pets at Home.
Risers & Fallers: Sula shines as new investor comes on board
Largest share price rises and falls in London at 3.30pm
N Brown routs bears with solid first half
Shares rocket 17% as sales at the Simply Be and Jacamo owner rose 1% to £429mln
Risers & Fallers: Mercia Technologies, McCarthy & Stone, Vast Resources...
London's largest share price rises and falls at 4pm
FTSE 100 misses out on record high close over Brexit, US rate fears
FTSE 100 shares narrowly missed out on a record closing high on Tuesday after slipping back from record levels thanks to renewed Brexit fears which sent the pound below $1.23, as well as growing expectations of a US rate hike this year. Ear
Weighing N Brown ahead of Tuesday’s interim results
Jacamo and Simply Be owner N Brown releases interim results on Tuesday.
Archive
Sainsbury's checked out by Jefferies, which cuts target
An early look at some City analyst views on Monday morning
FTSE100 pares losses after BoE Brexit warning
FTSE100 recoups most of its losses but investors unnerved by Bank of England Brexit warnings, while Finland’s FinMin labels such a move a “Lehman moment”
Investments and investor services
Shares fall as Bank of England and Fed warn on EU vote
Monetary policy committee says EU vote remains largest immediate risk to UK economy
Trending: Disney Shanghai, Twitter, Jacamo, Xcite Energy, Blinkx
The Mickey Mouse firm has opened a US$5.5bn park in Shanghai.
Risers and fallers: Totally, Diamondcorp, Purplebricks, Infrastrata, Vast Resources, Baron Oil
Main share price risers and fallers in London at 4.15pm
N Brown revenue falls amid weak ladieswear demand
N Brown said group revenue in the 13 weeks to May 28 fell 0.2%
PREVIEW - Berkeley Group, Eckoh, Abzena ..
Numis is bullish on both Berkeley and Crest Nicholson, recommending investors 'add' them to the portfolio.
Most followed - Noricum Gold , Metro Bank, N Brown and other messages
A summary of today's most followed firms and news items....
Risers & Fallers: Flying Brands, Iofina, Onzima Ventures, N Brown..
Main share price risers and fallers trading in London today
N Brown reports tough start to new financial year
Catalogue and online fashion retailer says trading since start of 2016/17 had been subdued
PREVIEW: Insurance and travel the concerns at Moneysupermarket.com
Analysts will be paying particular interest to Moneymarket.com's commentary on the insurance and travel verticals
Week Ahead: Cash collection in focus at Utilitywise
Utilitwise is keen to align supplier commercial terms to improve cash conversion
Archive
FTSE 100 roars back after Draghi brings the cavalry again
UK equities were in good shape even before ECB president Draghi started sweet-talking the market
FTSE100 stands firm against the global rout
The benchmark FTSE 100 Index climbed 21 points to 5,696
Risers and Fallers: Bango, Condor Gold, FinnAust Mining, Frontier Res, MX Oil, Weatherly Intl
The main share price movers in London today at 9.45am
N Brown delivers outsize sales growth over Christmas
Product sales growth of 5.9% was comfortably ahead of market expectations of a 3.7% rise
Perk up your portfolio
A light hearted look at shareholder perks that are available. Great news for beer swilling clothes horses in need of a telephone line rental.
Archive
Brokers: Miners will have to dig deeper in 2016
Miners, Restaurant Group, AstraZeneca, Bovis
Wednesday's agenda: Can Marston's keep momentum going?
he third quarter was in line with expectations with profit margins slightly above last year
Week ahead – Bellway to report in busy week
Next week looks busy on both the macro and corporate front, kicking off with a round of Central Bank speeches on Monday, including from the USA and Canada.
Shell among ‘most resilient’ oilers, City broker says
Shell, Randgold, N Brown, Wood Group and British Land were in Monday’s broker spotlight
Riser & Fallers: Geong, N Brown Group, Interbulk, Eden Research, Premier Oil, Glencore and more...
Below are the main news-driven share price movements at 3.15pm.
Archive
Broker Spotlight – Brown Group, Fyffes, ASOS, HSBC, Shell, BP, Acal, Merlin and more
The magnitude of the Fyffes’ upgrade is significant, Davy says
Investments and investor services
Market movers: Card Factory, Brown Group, Infinergy, Crest Nicholson, Infinis and more
There were some notable movers from the FTSE 350 at lunch with Poundland rising highest while Card Factory fell to the bottom of the pile.