Online retail group increases provision for PPI claims
Manchester-based online retailer N Brown will have to make up to £30m available to meet a flurry of late PPI claims, it said today.
This will lead to an increase in its full year net debt guidance.
In a statement to the stock exchange today it said that, in line with the wider industry, it saw a significant increase in PPI information requests and complaints (PIRs) in the final days leading up to, and including, the August 29 deadline for claims.
In August N Brown received more than 10 times the average volume of PIRs seen i... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...