Brown Group Share News (BWNG)

IN BRIEF: N Brown bemoans "soft and highly promotional" retail market

N Brown Group PLC - Manchester-based clothing and footwear retailer whose brands include JD Williams, Simply Be and Jacamo - Provides Christmas trading update, saying revenue is down 7.6% on a year before in its financial third quarter, the 18 weeks to December 31, to GBP249.2 million. Product revenue is down 9.2% to GBP166.4 million, while Financial Services revenue is down 4.2% to GBP82.8 million. Total revenue in the first nine months of financial 2023 is GBP580.7 million, down 5.9% on a year before. N Brown says it expects the fourth quarter to be weaker than the third, based on seasonal patterns and amid a "soft and highly promotional market".

N Brown revenues slip in Q3

(Sharecast News) - Online retailer N Brown said on Thursday that quarterly revenues had slipped in the three months ended 31 December amid what it called "a tough environment".

N Brown to pay GBP50 million as Allianz legal dispute settled

(Alliance News) - N Brown Group PLC on Monday agreed to pay Allianz Insurance PLC GBP29.5 million, bring their three year legal dispute to a close.

N Brown agrees £49.5m settlement in dispute with Allianz

(Sharecast News) - Clothing retail group N Brown announced on Monday that a "full and final settlement" had been reached in its ongoing legal dispute with Allianz Insurance.

IN BRIEF: N Brown starts search for new CFO as Rachel Izzard resigns

N Brown Group PLC - Manchester-based clothing and footwear retailer - Rachel Izzard resigns as chief financial officer "to take up a career opportunity outside of the online fashion and consumer credit industry", company says. Izzard will work her 12 month notice, and N Brown has started to look for her successor. Last month, N Brown reported pretax profit of GBP7.2 million in the six months that ended August 28, down 75% from the GBP28.4 million a year before, pointing to challenging market conditions.

N Brown CFO Rachel Izzard to step down

(Sharecast News) - Clothing retailer N Brown said on Tuesday that chief financial officer Rachel Izzard plans to step down.

N Brown looks to Joules for next design head

(Sharecast News) - N Brown Group has appointed Joules' Helen Low as its new director of design, the online retailer said on Monday.

Mike Ashley's Frasers raises Hugo Boss exposure and discloses ASOS stake

Frasers holds 4.3% of Hugo Boss stock directly

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LONDON BROKER RATINGS: Mondi and Smurfit Kappa raised, DS Smith cut

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Frasers Group picks up 4.5% stake in N Brown

(Sharecast News) - Sports Direct and House of Fraser owner Frasers Group has picked up a 4.5% stake in online clothing retailer N Brown, according to a regulatory filing on Tuesday.

N Brown shares dive as interim profit and revenue declines

(Alliance News) - N Brown Group PLC on Thursday reported falling profit and revenue as plummeting consumer confidence impacted sales.

LONDON MARKET MIDDAY: Europe edges lower as eyes on Fed and US jobs

(Alliance News) - London's FTSE 100 went into Thursday afternoon in negative territory, as investors nervously await Friday's US jobs report, which could test the Federal Reserve's hawkish resolve.

AIM WINNERS & LOSERS: N Brown down; Amte shares power on

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

N Brown cites weaker consumer confidence as H1 profits fall

(Sharecast News) - Clothing retailer N Brown posted a drop in first-half profit and revenue on Thursday, citing weaker consumer confidence.

UK earnings, trading statements calendar - next 7 days