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United Kingdom

N Brown Group PLC (BWNG.L)

BWNG.L on London Stock Exchange

120.20GBp
2:50pm BST
Change (% chg)

-0.30 (-0.25%)
Prev Close
120.50
Open
124.00
Day's High
124.00
Day's Low
117.30
Volume
46,913
Avg. Vol
376,505
52-wk High
169.13
52-wk Low
81.65

Latest Key Developments (Source: Significant Developments)

N Brown Q1 Total Revenue Falls 3.8%
Thursday, 20 Jun 2019 

June 20 (Reuters) - N Brown Group PLC ::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.  Full Article

N Brown core earnings up 7.9 pct
Thursday, 2 May 2019 

May 2 (Reuters) - N Brown Group ::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)%.  Full Article

N Brown Sees Higher Irrecoverable VAT On Marketing Costs After HMRC Tribunal Ruling
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - N Brown Group PLC ::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.  Full Article

N Brown Halves Dividend, H1 Adj. Pretax Profit Falls
Thursday, 11 Oct 2018 

Oct 11 (Reuters) - N Brown Group PLC ::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.  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

UPDATE 3-FTSE 100 firms as oil majors gain, BoE growth target cut feeds stimulus hopes

* Poor results and forecast hit Dixons Carphone (Adds news item, updates with closing prices)