Advertisement
UK markets closed
  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     
  • HANG SENG

    18,479.37
    -98.93 (-0.53%)
     
  • CRUDE OIL

    78.51
    +0.03 (+0.04%)
     
  • GOLD FUTURES

    2,323.40
    -7.80 (-0.33%)
     
  • DOW

    38,884.26
    +31.99 (+0.08%)
     
  • Bitcoin GBP

    50,474.83
    +4.38 (+0.01%)
     
  • CMC Crypto 200

    1,307.26
    -57.87 (-4.24%)
     
  • NASDAQ Composite

    16,332.56
    -16.69 (-0.10%)
     
  • UK FTSE All Share

    4,522.99
    +53.90 (+1.21%)
     

BUZZ-N Brown: best day in 3.5 mths after encouraging results

** Plus-size retailer N Brown (LSE: BWNG.L - news) up 4.6 pct after soothing set of results on heels of a March profit warning which sparked worst 1-day drop since Jan 2003

** FY2015 in line with previous forecast, revenue flat YoY at 818 mln pounds; co reiterates its 2016 guidance

** Jefferies expects FY15 to be its trough year (a period of heavy lifting in its strategy); broker says execution this yr should be key to restore market confidence in group prospects & sees upside in the valuation if co succeeds here

** Stock poised for biggest one-day rise since mid-Jan, top FTSE 250 gainer & easily most actively traded stock on the index, with almost twice its 90-day daily avg volume having gone through in c.2 hrs (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)