(Reuters) - Shares in N Brown (L:BWNG) fell as much as 10% after the fashion retailer said it would set aside another 20-30 million pounds in provisions relating to the mis-selling of payment protection insurance as it saw 10 times the average volumes of claims in August.
The company said its full-year net debt is expected to be in the range of 460 million pounds to 490 million pounds, up from a prior forecast of 440 million pounds to 460 million pounds.
A surge in claims leading up to the Aug.29 deadline for consumers to complain about what is now considered Britain's costliest consumer banking scandal had caused UK's big banks Lloyds (L:LLOY), Barclays (L:BARC) and RBS (L:RBS) to set aside additional provisions this month.
N Brown shares were down 7% at a five-month low of 102.8 pence by 0709 GMT.