We said we couldn't see a near-term catalyst for N Brown (BWNG) shares when we advised offloading the stock in September. The situation hasn't been helped by news that the company will incur an exceptional charge of £5m-£8m following an error in relation to previous calculations of its financial services customer complaint redress process. It has notified the Financial Conduct Authority (FCA) and will undertake a thorough review.
IC TIP:
Sell
at
196p