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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Brown (n) Group Plc | LSE:BWNG | London | Ordinary Share | GB00B1P6ZR11 | ORD 11 1/19P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.075 | -0.53% | 14.175 | 14.00 | 14.35 | 14.40 | 14.00 | 14.25 | 113,509 | 16:35:09 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Catalog, Mail-order Houses | 677.5M | -51.4M | -0.1116 | -1.25 | 64.47M |
From Apr 2019 to Apr 2024
TIDMBWNG
RNS Number : 4751K
Brown (N.) Group PLC
21 September 2016
21 September 2016
Update
FCA authorisation of wholly owned subsidiary JD Williams & Company Limited
N Brown Group PLC (the "Group") is pleased to announce that its wholly owned subsidiary, JD Williams & Company Limited ("JDW") has been granted full Financial Conduct Authority (the "FCA") authorisation.
In April 2014, the consumer credit industry saw a change in regulator from the Office of Fair Trading to the FCA. At the time, companies were granted interim permissions and were allocated a 'landing slot' where they could apply for full FCA authorisation. Today's announcement marks the successful completion of the application process and confirms JDW's full FCA authorisation.
Fit 4 the Future Systems Investment Programme
The Group's new USA web platform is scheduled to go live within the next few days, slightly later than planned. Learnings from this launch will be incorporated into the plan for the roll out of the new UK web platform and Financial Services system. This will result in a change to the previously communicated timetable. We anticipate being able to provide details of this change, including any resulting increase in costs, when we announce our half year results on 11(th) October.
FY17 exceptional cost
The Group has identified an error in relation to its previous calculation of financial services customer complaint redress. We have notified the FCA accordingly and we are undertaking a detailed review. We currently anticipate that this will result in an exceptional cash cost of GBP5-8m.
For further information:
Hot Features
Premium
N Brown Group
Angela Spindler, CEO
Craig Lovelace, CFO
Bethany Hocking, Director
of Investor Relations 0161 238 1845
MHP
John Olsen / Simon Hockridge 0203 128 8100
NBrown@mhpc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBSGDCGGDBGLB
(END) Dow Jones Newswires
September 21, 2016 10:03 ET (14:03 GMT)
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