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United Kingdom

N Brown Group PLC (BWNG.L)

BWNG.L on London Stock Exchange

93.45GBp
18 Jan 2019
Change (% chg)

4.45 (+5.00%)
Prev Close
89.00
Open
88.00
Day's High
95.10
Day's Low
88.00
Volume
1,756,981
Avg. Vol
597,731
52-wk High
282.40
52-wk Low
81.65

Latest Key Developments (Source: Significant Developments)

N Brown Says FY Expectations Unchanged
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - N Brown Group PLC ::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.  Full Article

N Brown CEO Angela Spindler To Step Down
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - N Brown Group PLC ::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.  Full Article

N Brown To Consider Closing 20 Stores
Thursday, 14 Jun 2018 

June 14 (Reuters) - N Brown Group PLC ::N BROWN GROUP PLC - FULL YEAR EXPECTATIONS ARE UNCHANGED.N BROWN GROUP PLC - Q1 GROUP REVENUE UP 0.4%.N BROWN GROUP PLC - Q1 TOTAL ONLINE REVENUE +3% AND POWER BRAND ONLINE REVENUE +9%.N BROWN GROUP PLC - COMMENCED A CONSULTATION PROCESS WITH COLLEAGUES OVER FUTURE OF SMALL STORE ESTATE.N BROWN GROUP PLC - ENTERING INTO A CONSULTATION WITH STORE COLLEAGUES TO CONSIDER CLOSING 20 STORES AHEAD OF LEASE EXPIRY.N BROWN GROUP PLC - ANTICIPATE THAT CONSULTATION PROCESS WILL BE COMPLETED AROUND TIME OF HALF YEAR RESULTS IN OCTOBER. SHOULD.N BROWN GROUP PLC - SHOULD DECISION BE TAKEN TO CLOSE 20 STORES, ANTICIPATE EXCEPTIONAL COST OF £18M TO £22M, OF WHICH ABOUT HALF WILL BE IN CASH.N BROWN GROUP PLC - SEES FY19 EXCEPTIONAL COSTS £22M TO £26M.  Full Article

N Brown Group Says FY Revenue 922.2 Million Stg
Thursday, 26 Apr 2018 

April 26 (Reuters) - N Brown Group PLC ::FY PRETAX PROFIT 16.2 MILLION STG.FY REVENUE 922.2 MILLION STG.SEES FY19 PRODUCT GROSS MARGIN FLAT TO +100BPS.SEES FY19 FINANCIAL SERVICES GROSS MARGIN -100BPS TO -200BPS.SEES FY19 GROUP OPERATING COSTS +1.5% TO +3.5%.SEES FY19 NET INTEREST £12M TO £13M, REFLECTING OUR NEW EXTENDED FINANCING FACILITIES.SEES FY19 CAPEX C.£40M.SEES FY19 NET DEBT £425M TO £450M, WHICH ASSUMES £25M TO £50M GROWTH IN FINANCIAL SERVICES CUSTOMER LOAN BOOK.FY ADJUSTED TRADING PROFIT BEFORE TAX WAS £81.6M, UP 1.3% YEAR ON YEAR.N BROWN GROUP - STATUTORY PROFIT FOR YEAR OF £16.2M, HEAVILY IMPACTED BY EXCEPTIONAL COSTS OF £56.9M WHICH LARGELY RELATE TO LEGACY ISSUES.FY GROUP REVENUE WAS UP 3.9% TO £922.2M.FY PRODUCT GROSS MARGIN WAS 52.2%, DOWN 250BPS FOR YEAR AS A WHOLE, AND DOWN 320BPS IN SECOND HALF.PROPOSING TO HOLD FULL YEAR DIVIDEND CONSISTENT WITH LAST YEAR, AT 14.23P..FY ONLINE REVENUE WAS UP 10% YEAR ON YEAR.  Full Article

Koovs ‍announces partnership with N Brown group
Monday, 16 Oct 2017 

Oct 16 (Reuters) - Koovs Plc :‍ANNOUNCES PARTNERSHIP WITH N BROWN GROUP TO ADD EXCLUSIVE KOOVS PRIVATE LABEL YOUNG FASHION BRAND TO N BROWN'S SIMPLY BE OFFER​.‍ANNOUNCEMENT IS EXPECTED TO GO LIVE WITHIN NEXT 3 WEEKS​.  Full Article

N Brown posts H1 adjusted profit before tax ‍32.2​ mln stg
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - N BROWN GROUP PLC ::H1 REVENUE ROSE 5.6 PERCENT TO 453.4 MILLION STG.INTERIM DIVIDEND 5.67 PENCEPER SHARE.H1 ADJUSTED PROFIT BEFORE TAX ‍32.2​ MILLION STG VERSUS 31.6 MILLION STG YEAR AGO.‍"IN LINE WITH OTHER RETAILERS, FX RATES REPRESENT A HEADWIND AND THIS WAS PARTICULARLY FELT THIS HALF​" - CEO.H1 NET DEBT ‍305.7​ MILLION STG VERSUS 286.7 MILLION STG YEAR AGO.‍"CURRENT TRADING IS ON TRACK WITH OUR PLAN AND WE ARE FOCUSED AND WELL PREPARED FOR PEAK TRADING PERIOD AHEAD​" - CEO.‍ANNOUNCING PARTNERSHIPS WITH AMAZON FASHION (SIMPLY BE AND JACAMO), NAMSHI (SIMPLY BE) AND DEBENHAMS (JACAMO) TO SELL CAPSULE COLLECTIONS ONLINE​.  Full Article

UPDATE 1-UK Stocks-Factors to watch on Jan 17

Jan 17 Britain's FTSE 100 index is seen opening 24 points lower at 6,839 on Thursday, according to financial bookmakers, with FTSE 100 futures down 0.49 percent ahead of the cash market open. * WHITBREAD: British hotel owner Whitbread Plc on Thursday reported a 2.4 percent increase in third-quarter sales and expects 2019 results to be in-line with expectations, as the expansion of its Premier Inn chain pays off. * SAGE: British software company Sage said it had made a strong start to