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
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 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
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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
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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
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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
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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