|Bid||13.78 x 0|
|Ask||14.26 x 0|
|Day's range||12.92 - 15.63|
|52-week range||12.92 - 163.90|
|Beta (5Y monthly)||0.91|
|PE ratio (TTM)||N/A|
|Earnings date||29 Apr 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||02 Jan 2020|
|1y target est||171.88|
Plus-sized fashion retailer N Brown has maxed out its main credit facilities and may need further funds under a downside scenario for the coronavirus shutdown, the company said on Monday. The Manchester-based apparel maker, which employs 2,400 across the UK and has already seen a 40% fall in daily product sales, said it was in talks with its lenders as well as with UK tax authorities about the deferral of tax and national insurance payments.
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The UK high street sales have taken a battering in recent months, but some brands are doing exceptionally well online. Here's a sample of how cash registers are ringing.
The retailer said it would instead focus on a turnaround plan, shutting shops, investing in online, and pushing its clothing in overseas markets.
Underwhelming trading updates from Pearson and Whitbread broke a three-day winning run for London's main index on Thursday, while investors exercised caution amid a lack of clarity on some elements of the U.S.-China trade deal. The FTSE 100 drifted in and out of the red but ended 0.4% lower, underperforming the STOXX 600 which added 0.2%. The FTSE 250, however, eked out a 0.04% gain, helped by a strengthening of the pound as well as an 8% leap in Wood Group after the oilfield services provider forecast higher 2019 core earnings.
N Brown, which owns Simply Be, Jacamo, and JD Williams, slashed profit forecasts after a slide in Christmas sales and problems at its credit business.
N Brown Group plc (LON:BWNG) shareholders will doubtless be very grateful to see the share price up 32% in the last...
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Another day of vague reports, denials and counter-denials on both the U.S.-China trade talks and the Brexit showdown looms, with little that’s emerged from either so far this week proving to be a game changer yet. On balance, the nods and winks on the trade talks in Washington have been read as marginally positive – or at least when combined with fairly clear signalling from the Federal Reserve that it’s about to ease policy again later this month. Other reports suggest President Trump will cede some ground on U.S. company dealings with Chinese tech giant Huawei.
Plus-sized fashion retailer N Brown reported higher first-half adjusted pretax profit on Thursday, as it reaps the benefits from transitioning to an online-only business after closing all its stores last year. The owner of JD Williams, Simply Be, Ambrose Wilson and Jacamo shut 20 shops to focus on online sales in a move back to its roots. The company, which targets women over 30 and specializes in larger sizes, said adjusted pretax profit rose 3.9% to 31.8 million pounds ($38.87 million) for the six months ended Aug. 31.