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.
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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"